With VPN coming, and CX 1.0 coding language about to release, Skycoin will become the platform on which decentralized social media and internet 3.0 will be built.
Just messing around! I'm overall bearish, nobody except for Grayscale is buying at these prices.
Plan is to short the trendline retest. Going for 7600 CME gap soon.
I used points of MACD crossing middle 0 line as a reference to draw major lines. This is not a technical analysis, but interesting to notice confluence of these diagonals.
a couple of lines on a larger time frame paint a picture..
Based on eliott wave count there could be two possibilities
falling broadening wedge - possible breakout when 5th wave ends
Wave 5 was truncated. With bullish divergence we might see ABC correction (or ABCDE)
on daily chart we can see bullish divergence, which leads me to believe we're in for a reversal. Calling this a bottom!
It just might go this way until we reach support line from 2017