SKLUSD 4H: Update....
Zaktualizowano
As above.
Looks like SKLUSD broke out of down channel that started end of March and will probably correct down a little after last bump up to mid 0.7 level.
BB starting to squeeze again on lower 4H and 2H time frames so some price action imminent and 4H MACD looking like like going down.
Hopeful upper 0.6 price range will hold and then trade sideways again. If not, then down to low 0.6 to upper 0.5 support again.
Really need to break out of that upper 0.75 resistance level and into mid 0.8 price range for continuation to test the $1 and above target. Volume still pretty low and breakout will not happen until major influx by bulls.
I think overall, major selling pressure for SKL has subsided in the short term and hopefully looking for continued move upwards in the next few weeks especially of BTC dominance further decreases.
As always, watch out for major BTC price action that may put a damper on ALTs!
Good luck traders.
Looks like SKLUSD broke out of down channel that started end of March and will probably correct down a little after last bump up to mid 0.7 level.
BB starting to squeeze again on lower 4H and 2H time frames so some price action imminent and 4H MACD looking like like going down.
Hopeful upper 0.6 price range will hold and then trade sideways again. If not, then down to low 0.6 to upper 0.5 support again.
Really need to break out of that upper 0.75 resistance level and into mid 0.8 price range for continuation to test the $1 and above target. Volume still pretty low and breakout will not happen until major influx by bulls.
I think overall, major selling pressure for SKL has subsided in the short term and hopefully looking for continued move upwards in the next few weeks especially of BTC dominance further decreases.
As always, watch out for major BTC price action that may put a damper on ALTs!
Good luck traders.
Uwaga
Minor correction worked out as above with continue support in upper 0.6 range and continued sideways movement. Watch for break out of that upper 0.75 resistance level and into mid 0.8 price range for continuation to test the $1 and above target. Volume still low.
Uwaga
Nice continuation in up channel. Will need to test low 0.8 next.
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