SKLUSD 4H: So far holding pattern with decent support
Updated
As above.
Looks like decent support in upper 0.6 to lower 0.7 range.
Sideways movement with some consolidation occurring. BB looking like they are squeezing and could see some price action soon.
Would like to see increased volume, MACD crossover 0 line, and with push over 0.82 and out of upper resistance trend line in both the big down channel and the sideways channel for continued uptrend. Watch that black circle area closely and if breaks out of this area, then good news for continued uptrend and towards mid to upper 0.8 and beyond.
God luck traders!
Looks like decent support in upper 0.6 to lower 0.7 range.
Sideways movement with some consolidation occurring. BB looking like they are squeezing and could see some price action soon.
Would like to see increased volume, MACD crossover 0 line, and with push over 0.82 and out of upper resistance trend line in both the big down channel and the sideways channel for continued uptrend. Watch that black circle area closely and if breaks out of this area, then good news for continued uptrend and towards mid to upper 0.8 and beyond.
God luck traders!
Note
Broke bottom trend line with BTC crashing.Back to low 0.6 support again!
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