Skycoin Bullish Chart Setup (Projected Path & Target)
Updated
Skycoin (SKYBTC) is showing a bullish chart by many different targets... Feel free to hit like now and let's get started with this analysis!
Skycoin (SKYBTC) Chart Analysis
If SKYBTC breaks above the triangle and manages to close above EMA100 (0.000243), you can expect for it to move higher and hit over 300 satoshis.
Conditions for change: If SKYBTC moves down and closes below 174 satoshis, then the above signals are invalidated.
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Skycoin (SKYBTC) Chart Analysis
- We are looking at an ascending triangle.
- Trading above EMA50 (0.000216).
- No bear volume on the trace. Bull volume up.
- Bullish RSI.
- MACD moving into the bullish zone.
If SKYBTC breaks above the triangle and manages to close above EMA100 (0.000243), you can expect for it to move higher and hit over 300 satoshis.
Conditions for change: If SKYBTC moves down and closes below 174 satoshis, then the above signals are invalidated.
Enjoyed this post?
Feel free to hit like/follow, or leave a comment, to show your support.
Thanks a lot for reading.
Namaste.
Note
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