Traders are to lookout for buy setups in order to initiate long trades.

The coin is fluctuating between the levels of $1.40 and $2.00.

SKY/USD Medium-term Trend: Ranging

Resistance Levels: $1.8, $2.0 ¸ $2.2

Support levels: $1.4, $1.2, $1.2

Yesterday, July 17, the price of Skycoin was in a bullish trend. The buyers emerged after the SKY market reached the oversold region of the market. On July 13, the bears broke the lower price range and ended the downward correction at the previous low of May 13. The bulls are making an upward move above the EMAs.

Traders are to lookout for buy setups in order to initiate long trades. The coin is fluctuating between the levels of $1.40 and $2.00. Nevertheless, the coin was characterized by small body candlesticks like the Doji and the Spinning tops which describe the indecision between the buyers and sellers. Meanwhile, the SKY price has reached the oversold region of the daily stochastic but above 60% range. This indicates that price is a bullish momentum and a buy signal.

SKY/USD Short-term Trend: Bullish

On the 1-hour chart, the SKY price was in a bullish trend. The 12-day EMA and the 26-day EMA are trending upward after a downward slope. The price of Skycoin is in a bullish trend as the bulls broke above the EMAs. Meanwhile, the SKY price has reached the overbought region of the daily stochastic but above 60% range. This indicates that price is a bullish momentum and a buy signal.

Live Skycoin (SKY) Price: 1 SKY/USD = $0.5188 change ~ 2.07% Coin Market Cap $9.48 Million 24 Hour Volume $67.78 K 24 Hour VWAP $0 24 Hour Change $0.0108

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