$SKY Trying to bounce from support zone at 18.4k sats as there is an "announcement of an announcement" for June 30th... You know how this played out in crypto, buy the rumour, sell the news.
Volume for now seems low
RSI Bullish Div
UCTS buy signal on the 6h chart aswell.
Doing consolidation above .5 fib support from the last run.
This coin should have a very nice run only after if we break the red box.
Simply zoom it out to see the possible target
Idea only, do with your own risk.
After Bitcoin appreciated from $3,200 to $9,000 in two months it has been confirmed the general market sentiment has turned bullish. It is very unlikely Bitcoin will make fresh lows which means we are at the early stages of a bull market.
I am especially interested in Skycoin because of the news that is about to come out in the third quarter. The upside potential...
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
We are looking at an ascending triangle.
Trading above EMA50 (0.000216).
No bear volume on the trace. Bull volume up.
MACD moving into the bullish zone.
If SKYBTC breaks...
Day Chart Pattern: Ascending Triangle
Possible trend: Bullish
Divergence: Reversal Bullish Divergence Week Chart.
Candlestick Pattern: Inverted Hammer
Time Frame: Day Chart
My Targets: Probability can change.
Reward to Risk: 3/1
Possible Entry: What I'm looking for:
.000219 - .000234
Resistance needed broken with candle close
Skycoin started a nice uptrend since 15 days ago. A good news is it's not over since today we are experiencing a pullback to the daily red Kumo cloud. I believe there is a good buy opportunity around 245- 260 area , targeting upper lines in the chart.
Update on $SKY, Reached first target at ~26k sats...
Showing some rejection at this level (take in count the BTC pump...)
For now make sure to lock some profits updating SL or closing part of your position (25% up since UCTS Buy signal)...
$SKY... Buy the rumour, sell the news? Similar to $BTT, Sky will release a major announcement on June 1st...
Potential Symmetrical triangle in play
Volume is decreasing...
Both MACD & RSI trying to rise
A break over 22kSats with volume can trigger it...
Skycoin has a major announcement coming in early June. Those who have researched this coin knows it's potential and how fast this token is hitting the mainstream. Chart speaks for itself over the course of the next month. As always DYOR!
$SKY Reached support & now is showing some bounce signals...
If it manages to break above 20200 sats with volume a new leg up can be expected to retest 25k sats levels..
"Major" announcement is scheduled for June 1st ... as we say in crypto "Buy the rumour, sell the news"
Hope you're doing well. Sky is experiencing a pullback after a sudden pump. I believe it will calm down near 178 sats (also 165 is possible). After the pullback a new uptrend must start so a huge profit is in here.
See you soon
Sky looking to make its next leg up after a very nice run. Its retraced down to a strong FIB level and has the potential to make a nice bounce to start a Wave 3. Arrows are showing you some potential plays here if it does indeed bounce from this level. Use the FIB levels as targets. Will post some more accurate price movement predictions IF we catch our...