Long

The next leg up for SKL?

Updated

Looking like solid support, if the top gets blown off the 4.236 fib then this will probably be the final leg otherwise this project should continue up the ranks of market cap. Currently this project sits at around #100 spot for market cap and is top 25 market cap potential in my assessment. Everything checks out for this project to be a big gainer STILL as long as BTC doesn't crash the market. This isn't without its risks though, fundamentally it checks out but we are in an unregulated market so nothing is guaranteed, but if I had to place my bets anywhere right now, its SKL.

Note

Horizontal support is still there even though it didn't hold the trend line, pump might be delayed to later in the week.

Note

Fibs have been spot on and looking like a nice inverse head and shoulders potentially playing out, we will see if it carries the momentum.

Note

News of ADA listing on CBP seems to have upset the chart structure with people wanting to chase ADA instead of SKL, that is a very short sighted move that probably wont pay off for those people.

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