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SKLUSD

SKALE could make a jump from hereLooking at the long term downtrend (white lines) and the short term lines, SKL hopefully will hold above the green ascending line as BTC finishes it's consolidation. Once the BTC crowd calms down maybe the alts can confidently grow, with SKL primed as a candidate for some major gains. Right now it seems like it's in limbo, but any dips from here most likely will be very short lived, in my hardly-educated opinion. Good luck and wishing you all success.
COINBASE:SKLUSDLong
by scrom_indicator
1
1D SKLUSD: Whats poppin??As above. I'ma spend this holiday locked in My body got rid of them toxins SKLUSD broke local down trend and pumped up to low 0.4 range again. Needs more volume to break 0.5 level which has been recent strong local resistance level and if breaks this level, look for possible bigger bull run to start. 1D and 1W RSI look like they are trending up and still have plenty of room to move up, which is a good sign for some continuation with uptrend in these time frames. Will follow. Good luck traders!
BINANCE:SKLUSD
by Ambassadorj
🚇SKL is approaching strong resistanceOver the last two months the price has entered and successfully bounced of area of support three times, creating some sort of triple bottom and validating its strength. It is now being supported by a local level (0.3144) and dynamic support(blue). The next expected move is to see the price break above 200MA, get rejected from key level (0.40), than consolidate on another local level for a while (0.3532) before next breakout attempt. In case of a dump we can expect the price to find support in the zone of strong support again (green area) Entry: buy at current price -- or buy once 0.3532 is claimed(buying under heavy resistance)-- buy later once major resistance is broken on a local pullback Targets: 0.3532 0.4000 0.4349 0.5140 0.6748 0.8470 1.0081 1.2533 --------------------- About SKL: SKALE is described as an elastic network that’s designed to bring scalability to Ethereum. As well as boosting transaction capacity, the decentralized project aims to reduce latency and ensure that payments can be made as cheaply as possible. The project’s website says it wants to enable people to build and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” This emphasis on decentralization isn’t at the expense of security. According to SKALE, those who build on this platform can run Solidity smart contracts “thousands of times faster at a fraction of the mainnet cost” — with games and content streaming services among the projects that already take advantage of its infrastructure. Source: coinmarketcap
Long
by V0VOLAN
SKLUSDT 4H long setup; Perfect W-formation neckline retestTA explained SKL formed a huge W-formation and retested the W-neckline on the pullback. Price is bouncing on the 4H 50 MA which also aligns with the Golden Pocket. Targets align with the extended fib levels calculated from the current pullback. Trade setup Best entries: 0.329910 - 0.345500 TP1: 0.45880 TP2: 0.53836 TP3: 0.62286 SL: 0.30903 RR: 10.11 Max leverage: 2 ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge