I think this coin can move upwards quite a bit. Broken out of falling wedge with increasing volume.
Will be watching out for resistance and reversal at 8000 levels (white line) otherwise I can go further up.
Bouncing off from fib's golden pocket so it should move upwards.
Let's have a look at QTUM. It is on a verge of breaking out of huge falling wedge dating back almost two years (or just broke out if we measure out the vicks). What cought my eye was the significant increase in volumes on a weekly time frame. As some would suggest it has peak selling off and those usually happen before trend reversal.
Some positive news of...
Sky coin broke out of descending triangle. Triple bottom. Now moving within ascending channel, if it breaks out of it, long position can be taken. If it won't break resistance and start going down (RSI and channel resistance), then buy zone could be support of the channel.
I would personally ladder buys down if the coin will move down. Usually 10-25% parts.
Head and shoulders pattern, we clearly getting 2nd lower highs on RSI on multiple time frames, MACD crossover to the downside, histogram is ticking down as well. Do we find support NOW at around 90$ or do will we test 84$ and 78$ level?