Descripción
⋅ Skycoin is now breaking out of a falling wedge, we are looking at the Binance chart for this altcoin pair; SKYBTC.
Let's take a look at the signals first... Thanks a lot for your support.
- We have a volume breakout, a huge increase in trading volume the past two days.
- Break above resistance (EMA5/10).
- Bullish divergence on the MACD and RSI.
- Bullish MACD crossover.
- Most altcoins have gone through a phase of consolidation and some are starting to break out... The altcoins market is starting to heat up.
Our targets are marked on the chart with magenta dashed lines.
The bottom brown dashed line is our stop-loss... We use "manual stop-loss" to protect our capital.
Here is an article with additional information on how a manual stop loss works:
Feel free to leave a comment if you have any questions regarding this or any other of our charts.
Your support is truly appreciated.
This is Alan Masters.
Namaste.
P.S. THIS IS NOT FINANCIAL ADVICE.