Price is inside a bullish ascending wedge. Volume is rising. Historic volatility funnel is telling that liquidity is coming back big time. In my view we are approaching a big break out !!
Since my last post where I gave an "immaculate entry point" at 76 cents, SkyCoin has been one of my top performers: SKY is up 103 % in 18 trading days !! After a false breakdown from the bullish wedge it has hit support and made a powerful "around-the-apex" move !! Right now it is battling with some resistance at 1.52 - 1.54.... But it could very well break...
SkyCoin is an extremely underrated project !! Actually rank 729 on CoinMarketCap and 17 Million MC. It has several working products and their team has never stopped working during the entire bear market from 2018 until 2021 !! Go have a look at their website: SkyCoin platform, SkyWire decentralized internet, Obelisk new consensus algorithm, Fiber peer-chain...
------------------------------------------------------------------ What is Skycoin? ------------------------------------------------------------------ "Skycoin (SKY) is an open-source, community-owned, hardware-based peer-to-peer internet that leverages the incentive structure of the blockchain. Skycoin’s platform has been billed as 'completely secure,...
Touching major support line for ages! No joke it can reach 15$
SkyCoin is a solid but unknown project that has several use cases and several working products (please refer to past posts). It has been bouncing inside a bullish wedge for about 4 months now, since big money wanted to get in (price spiked 800% in 1 day back in February 2021). There are 2 weeks left to get aboard. June 2nd should signal decision time. My guess...
SKY has just been rejected from the 7000sts zone and is heading to 5000sts zone. If it could stop the decline at the 5000sts zone, it will move up to 10000sts zone in June 📈BUY -Buy: 4800-5200sts if A. SL if B -Buy: 6800-7200sts if A. SL if B 📉SELL -Sell: 6800-7200sts. SL if A -Sell: 9750-10250sts. SL if A ♻️BACK-UP -Sell: 4800-5200sts if B. SL if A -Buy:...
From the last several days SKYBTC is constantly decreasing in value, and eventually is reaching EMA 100 support level. I’m expecting bounce from that level around 25% to 30%. Keep your stop loss around 3150, which was previous support level. From indicators side, stochastic RSI is strongly oversold and the most bottom level.
This is just a simple support resistance style chart with Skycoin price action from the last month. The lines are drawn from my script but I added one more at 5 which relates to a fibonacci level created from a spike just a short time before the time this chart shows. This is simply just a level I am watching that relates to a retracement from a previous spike in price.
Looks like we are forming a symmetrical triangle pattern on 4H. If it breaks it can gain 170 % in $BTC! IMO. It is a buy rn.
End of falling wedge price action may be in a few hours
I have covered SkyCoin since 1st July 2019 (see previous posts). The last post was from August 2020 and was titled "When will Sky finally wake up ?" I think tonight we got the answer ! 24H volume is 23 million USD. That equals its actual MarketCap. 24H volume is 50 x higher than average 24H volume !! The price formed a wick to the upside which shows that...
Clear range breaking down, if price is capable of closing back inside, I will be a buyer aiming for mid and high range.
There has been some big volume coming in lately ! Look at the white rectangular box ! Massive green volume candle !! There is evidently BIG MONEY interested in this project - even if it seems to be a sleeper ! It has been difficult non to sell a portion of my 3rd biggest holding. I was tempted to allocate funds to some project that made 4 - 5 - 6 - 7 or even 10 x...
As previous charts would indicate, I have been following this project closely for over a year. The major pullback that happened last year after a date on an exchange listing was missed for Coin Hours ( SCH ) that are generated when you hold SKY in official wallets. Eventually, the project is working to allow this asset to be the payment system to purchase...
It seems to be going under a trend change (from bearish to bullish) and looks ready to test resistances.
This is the trade that i took. Decent correction phase occur almost 300 days. Now it should push higher targets. Follow for more.