🚨 Technical Analysis for $SKY | Daily Frame
🔹 Current Price: 0.0874$ 📈 (+5.79% over 24h)
– The price is moving within a clear upward trend, consistently forming higher highs and higher lows, indicating that buyers are in control of the overall direction.
– A clear breakout of previous resistance zones with accelerating positive momentum reflects the strength of the bullish trend.
– The range of 0.0704$ – 0.0696$ represents a major support/demand zone.
– Trading above the 50 level at 69.29 supports the continuation of the positive momentum.
🔼 Positive Scenario (Uptrend):
If it holds and breaks above 0.0814$
🎯 0.0814$ – 0.0867$ – 0.0971$
🔽 Negative Scenario (Downtrend):
If it breaks below 0.0704$ with a daily close
❌ 0.0704$ – 0.0696$ – 0.0612$
📌 Note: Any pullback towards support zones is considered a potential buying opportunity within the uptrend.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.
🔹 Current Price: 0.0874$ 📈 (+5.79% over 24h)
– The price is moving within a clear upward trend, consistently forming higher highs and higher lows, indicating that buyers are in control of the overall direction.
– A clear breakout of previous resistance zones with accelerating positive momentum reflects the strength of the bullish trend.
– The range of 0.0704$ – 0.0696$ represents a major support/demand zone.
– Trading above the 50 level at 69.29 supports the continuation of the positive momentum.
🔼 Positive Scenario (Uptrend):
If it holds and breaks above 0.0814$
🎯 0.0814$ – 0.0867$ – 0.0971$
🔽 Negative Scenario (Downtrend):
If it breaks below 0.0704$ with a daily close
❌ 0.0704$ – 0.0696$ – 0.0612$
📌 Note: Any pullback towards support zones is considered a potential buying opportunity within the uptrend.
⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice.