At Coin Inquire, we offer free price signal of Skycoin (SKY) and other cryptocurrencies. Today July 22 we are beginning a new series of free signals for top cryptocurrencies including Skycoin (SKY).
Skycoin is now breaking out of a falling wedge, we are looking at the Binance chart for this altcoin pair; SKYBTC .
Let’s take a look at the signals first… Thanks a lot for your support.
- We have a volume breakout, a huge increase in trading volume the past two days.
- Break above resistance (EMA5/10).
- Bullish divergence on the MACD and RSI .
- Bullish MACD crossover.
- Most altcoins have gone through a phase of consolidation and some are starting to break out… The altcoins market is starting to heat up.
Our targets are marked on the chart with magenta dashed lines.
The bottom brown dashed line is our stop-loss… We use “manual stop-loss” to protect our capital.
Here is an article with additional information on how a manual stop loss works:
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.