SKL
🔥 SKL Channel BounceSKL has been trading in a downward sloping channel for over two months now. Amazingly enough, the channel support held during yesterday's sell-off, potentially marking a strong reversal in the short-term.
Long term target would be the $1 resistance.
Happy trading!
SKL BUll! This is starting to take offHello My SKL buddies. Look like its about to switch to the bull run. We may see a huge increase in price the next few weeks. This coin should be on a look out. Coin could possible move back to the $1
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Cross on the Daily Stochastic RSII’ve been bullish for awhile on this coin. I feel pretty confident in saying we will see a breakout by May 26th which subsequently is my birthday. So don’t disappoint me SKL lol. Will be watching for resistance at 85 cents.
IF YOU'VE LOST CONFIDENCE IN SKL, BEAR WITH IT!Bullishness is still in the air regarding SKL.
This massive descending wedge is still true.
Hodlers will see the fruits of their patience.
Rash and confused investors will pay a heavy price. I won't sell a single SKL coin. It won't be long you'll see why.
1.2 - 1.5 is still my target FOR NOW. I might modify upwards!
SKL-BTC - prime for breakout!!!SKL-BTC broke out at end of April, revisit apex/resistance now turned support and bounced back.
Higher low on 4/12. Would like to see higher high to confirm.
RSI broke out of down-trend, bounced off over-sold and on its way up, gaining strength.
MACD turned positive.
With all these positive signs, I think SKL is prime to break out soon... similarly SKLUSD is nearing the apex of the triangle.
Target on chart.
Patience will be rewarded. Not financial advice. Good luck trading!
Long SKL/USDT SKALE has pulled back enough for an entry, IMO it looks good while above support around 0.475 and has also been consolidating for over 3 months. Good project with good financial backers. Looking for a long term breakout above 0.7 as long as $ALTPERP keeps moving up and $BTC Behaves.
This is the death of the SKL coin...Sadly.. it's dead now.. drop til the ultimate lowest level while other alt coins are still able to maintain. I've lost so much money here
SKL IS LOADING UPWe are riding a massive descending channel, which is a bullish sign.
We are also riding a smaller descending channel, which again is a bullish sign.
MA50 and EMA50 are strong support factors.
If conquered, MA100 could be a major support. In that case, the possibility of a golden cross will bring hope. (I have not included MA30 because price action history shows it is not a formidable resistance)
We have a strong rising trend line which could act as a solid wall of support.
Also, in the 8H timeframe, we could be witnessing the completion of a "W". If completed, breakout will be the net result. (Caution: This is only a possibility)
In the weekly timeframe, we have had a decent corrective trend.
in the monthly timeframe, after the massive upswing we can witness, there has been a correction that happened last month. The correction extended to the 0.382, meaning a deep correction, and managed to close the body above the 0.5 FIB extension which is a good sign. The correction has been healthy and needed to grab liquidity to scale higher.
If you're hodler, your targets to sell could be 1.8 or 2.2. However, if you're seeking mid-term gains, your targets could be 1.03 and 1.2.
SKL - BREAKOUT IMMINENTCOINBASE:SKLUSD
Have a big SKL position again after seeing FIB retracement levels hold very nicely at .58 and .62 with lots of buyers at these levels.
I'm personally seeing the 75cent level of resistance break very quickly once we break out from the downtrendline. This is barring any breakdown from BTC which would obviously throw things off if it happens (knocks on wood). Not all that worried about that happening right now though because I'm also bullish on BTC again after its been overshadowed by ETH and BTC Cash the past week. BTC's been trading sideways for the past month and I think we could at least retest the 65k ATH soon.
There's a potential to go back down to .58 but at this point the setup is too good to not be long IMO. Hopefully I'll see you guys at $0.85+ again very shortly :)
Any day now...Once Skale breaks out of this cup and handle within this falling wedge and retests it as support, we should see some very nice gains. Don’t grow impatient grow your money.
SKLUSDT (SKALE NETWORK) - BULLISH SETUP ANALYSIS 🔎
- SKLUSDT is on a mid-term uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
- Retest of the descending trendline resistance after the breakout.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.
SKLUSDTHello to you all. Mars Signals team wishes you high profits at all times.
If we break the resistance line, we will start trading for the above goals
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
