Breakout coming in Skycoin

Tightness of consolidation and well defined structure + demand pressure in blue suggests an imminent breakout in Skycoin. Measured against Ether it'll likely be the stronger in the coming hours/days/maybe week(s).

Note

Mild diagonal breakout, still unconfirmed on horizontal pressure.

Note

pop

Note

A reminder, a rally in an altcoin is usually (not always - some pump for their own reason) an indicator that the broader crypto market is on the verge of rallying. I view skycoin (which has been one the strongest this week on a performance basis against eth and btc, even though I consider it a sh.itcoin) is a good sign for alts.

Trade closed manually

Closed at .01503. The dump continues

Lanmar

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Lanmar