SKLUSD: Tick Tock Tick Tock.... big resistance at 0.75-0.76
Updated
As above.
SKLUSD slowly crawling along the bottom trend line with continued decent support at 0.68 with strong résistance and multiple rejections at 0.75-0.76.
Volume continues to be very low. MACD still appears to be trending upward toward the 0 line at least on the 2H and 4H time frames.
The BB squeeze is still tight and only a matter of time before we see a jump in price action but not sure of timing!
I would think a good break out over 0.76 with an increase in volume would signal a possible start of new uptrend in price action. If it breaks 0.68 support, then down to low 0.6 area at least in the immediate short term.
Good luck traders!
SKLUSD slowly crawling along the bottom trend line with continued decent support at 0.68 with strong résistance and multiple rejections at 0.75-0.76.
Volume continues to be very low. MACD still appears to be trending upward toward the 0 line at least on the 2H and 4H time frames.
The BB squeeze is still tight and only a matter of time before we see a jump in price action but not sure of timing!
I would think a good break out over 0.76 with an increase in volume would signal a possible start of new uptrend in price action. If it breaks 0.68 support, then down to low 0.6 area at least in the immediate short term.
Good luck traders!
Note
Well, Drop it like it is hot I guess. Low 0.60 range it is.Note
Ok. BTC dragging us down I see!!!! Let see where final support ends up folks. You know as soon as BTC dominance tanks, some ALTs going to pump again....
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