SKL found support with 200 EMA.
Broke descending channel with rising volume.
Massive run up to ATH 1’s range (over shot) wide resistant zone.
It retraced back support zone in green (0.75).
It’s currently printing a nice green 4H candle possibly signifying the end of the retrace (need a few more hrs to confirm at the time of this post).
RSI in the meantime is showing a nice hidden bull divergence.
If support holds and BTC continues to remain in its bull channel. I anticipate SKL to retest the 1’s zone.
Cheers 🍻
Broke descending channel with rising volume.
Massive run up to ATH 1’s range (over shot) wide resistant zone.
It retraced back support zone in green (0.75).
It’s currently printing a nice green 4H candle possibly signifying the end of the retrace (need a few more hrs to confirm at the time of this post).
RSI in the meantime is showing a nice hidden bull divergence.
If support holds and BTC continues to remain in its bull channel. I anticipate SKL to retest the 1’s zone.
Cheers 🍻
