SKL - Possible bearish scenario

On the weekly it looks like an "M" pattern forming that could take us down to a low support level around .20 cents. I feel like this could hinge on the movement of BTC. BTC dipping could cause skale to break down to nearest support level before rallying to new all time highs.
Chart PatternscryptoCryptocurrencycrytpotradingTechnical IndicatorsskaleTrend Analysis

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