Break out of triangle and a move to the sky ! [SKY/BTC]
Skycoin (SKY) is an open-source, community-owned, hardware-based peer-to-peer internet that leverages the incentive structure of the blockchain. Skycoin’s platform has been billed as 'completely secure, infinitely scalable, and ISP independent' by the project team.
Here you can read more about it: https://www.skycoin.net/
What do we know so far about SKY:
Rank 188 according to CoinMarketCap
Market Cap : $14,970,608 USD ( 3,860 BTC )
Volume (24h): $2,443,958 USD ( 630.23 BTC )
Total Supply: 25,000,000 SKY
Circulating Supply: 13,343,161 SKY
Skycoin Price: $1.12 USD
Let's take a look at this chart:
TradingView Chart Link
-Skycoin just breakout of triangle and the EMA50
-We also have a bullish RSI and increasing green trading volume
-We also have a nice risk/reward ration!
-You can use the fib. levels for entry and exit points!
Weekly chart view:
Usually, a breakout on a weekly chart it's a strong reversal signal.
Coming Events:
04 March 2019 : Skywire Mainnet Launch ( source)
Disclaimer :
My posts are never financial/invest advice! For a favorable outcome, make your own research! Never invest more than what you can afford to lose. Don't forget, it's all about positive thinking and patience!
Remember, you should always use a stop loss!
Feel free to share your thoughts on the comment section below!
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