The short and medium-term outlook is in the bullish trend.

Traders may look to buy at pullback area.

SKY/USD Medium-term Trend: Bullish

Supply zones: $2.00, $2.20, $2.40

Demand zones: $1.00, $0.80, $0.60

SKYUSD is in an uptrend in the medium-term outlook. The breakout at the key resistance area of $1.80 with a large bullish candle shows the bulls dominance as the market opens today. The cryptocurrency rose to $1.97 in the supply area before the exhaustion sets in for the minor bears draw down of price.

$1.80 in the demand area was the point the bears drop the coin before the loss in momentum. This was a retest that confirms the bullish continuation in the medium-term.

Price is up at $1.93 in the supply area above the two EMAs which suggest strong bullish pressure in the market which may lead to further upward price movement.

The journey to $2.50 in the supply area is on with the signal of the stochastic oscillator at 73%.

SKY/USD Short-term Trend-Bullish

The cryptocurrency is in a bullish trend in the short-term outlook. The bulls had control of the market as it opens today at $1.73. SKYUSD rose initially to $1.80 and later to $1.96 in the supply area due to increased bullish momentum.

Price is above the two EMAs which are fanned apart. This implies strength in the context of the trend and in this case the uptrend.

The stochastic oscillator signal pointy up at 61% suggesting upward momentum in price in the short term.

$2.00 is the initial target as pressure on price becomes much stronger toward the upsides

Live Skycoin (SKY) Price: 1 SKY/USD = $0.4967 change ~ 1.62% Coin Market Cap $9.08 Million 24 Hour Volume $69.33 K 24 Hour VWAP $0 24 Hour Change $0.0080

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.