Bullish Falling wedge... Ts finally time to accumulate more.

23 Jul 2018

Skycoin seems to be in its last stages of correction before the next bull run, with the huge falling wedge above getting narrower and narrower. As money is bleeding from alts to BTC with its dominance shy of 46%, soon a lot of investors will move back to alts and what better project to be accumulating while it's super cheap than SKYcoin.

Also keeping a close eye on the Volume, MACD, and RSI for reversal signals.
I'll keep updating this as time goes by.

25 Jul 2018

Nota

SKYCoin dropped from the bottom falling wedge trendline to a normal downtrend with a major selloff as people were selling alts to jump to BTC 0.49% ride. Major accumulation has been going on behind the scenes with over 300k accumulated skycoins withdrawn from Binance within the last 48hrs, more info can be found here on SKYcoin block explorer for Binance address explorer.skycoin.net/app/address/2iNNt6fm9LszSWe51693BeyNUKX34pPaLx8/1.
Skycoin seems to have now found support at 650/660 area, not sure if this is the bottom but smart-money is accumulating lots of SKY at this area.
Let's wait and see if this support hold, but this is a great opportunity to accumulate more coins at such a discount.

I'll post an update on what happens next.

25 Jul 2018

Nota

Perfect call above, SKYCoin is now retesting the uptrend line resistance, If the 4hr candle closes above it then this will be a huge bullish signal for a strong reversal

25 Jul 2018

Nota

!!!!!Please like and share