#SKL
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in green at 0.03500
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount
Entry price is 0.04100
The first target is 0.04600
The second target is 0.05450
The third goal is 0.06670
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in green at 0.03500
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount
Entry price is 0.04100
The first target is 0.04600
The second target is 0.05450
The third goal is 0.06670
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