SKLUSDT.P trade ideas
SKL gaint falling wedgeSKL / USDT
SKL was in strong downtrend since march
(Almost 4 months in falling wedge)
Bulls show some strength here
As selling pressure start to drop too
If we hold weekly demand as base of support very high chance we will have nice pump
Invalidation : Loss support = dump
Not financial advice
Best of luck
This Is How SKALE Network Can Turn Your Thousand$ To Million$Down channel:
On the daily timeframe chart, the price action of SKL is moving in a down channel since the month of March 2021. It was moving between the resistance in the support of this down channel very well. But after 28th May so far, the priceline of Skale is moving sideways and did not hit the resistance or support of the channel and moved slightly to the downside and now it has started moving towards the upside.
Breaking out the triangle:
If we switch to the 4 -hourly chart, then the price action has broken out the resistance of the triangle. Now the entry can be between: $0.25 to $0.258 and the support of the triangle can be used as a stop loss because here we have a recent swing low before the breakout which is $0.22. The immediate target after this breakout can be $
A big bullish BAT move:
On the weekly time frame chart, the price action has of SKL has formed a big bullish BAT pattern.
The buy and sell targets as per the Fibonacci sequence of this BAT can be as below:
Buy between: $0.2898 to $0.1684
Sell between: $0.5794 to $1. 01
The maximum extent of potential reversal zone $0.1684 can be used as stop loss. But there is strong support at $0.2240, therefore, we can use this level as stop loss to minimize the risk factor.
As per the above targets, this pattern has a huge profit potential of up to 499%, and the loss possibility is 42% but at this time it is 22% as the priceline is moving at $0.2240.
#SKLUSDT (Watchlist)This means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume, showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!!
Ps:
we avoid trading any coin if the entire project for it is based on gambling, prostitution, human trafficking, etc.
This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism.
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Good luck to all.
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SKALE Network (SKL) formed big BAT for upto 499% big moveHi dear friends, hope you are well and welcome to the new update on SKALE Network ( SKL ) token.
On the weekly time frame chart, the price action has of SKL has formed a big bullish BAT pattern.
SKLUSDT is Ranging before the Breakout
Welcome back Traders, Investors, and Community!
Hi Traders, SKLUSDT has been making HHs and HLs and it is ranging around the Bearish Resistance of the Triangle which indicates that it may break above the resistance and goes straight to 0.254
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
Breakout?We have closed a daily candle above this very long down trend line. If this is the breakout, I would project a target sell of 70-85 cents.
$SKL strong support LevelPrevious Support zones indicate it is at a strong buy level.
A good long here till next string resistance. Marked in black.
SKL is not looking good at allSKL is following this path down. I would not be buying until there is a clear signal of a break out. So far.. it's looking horrible
Note: I am still a noob
SKL/USDT Could Launch Its Rocket Soon 🚀🚀🚀📈 SKL/USDT | Potential Upward Movement
💡 Buy Limit Order @ 0.3161
🎯 Target Profit 0.3290
🛑 Stop Loss 0.3119
❌ Do not risk more than 1% of your account on each trade
Description:
The coin is traded inside a wedge formation. This pattern represents a correction where we expect it to end near the area of confluence which is made of a 61.80% Fibonacci retracement, strong support and the lower end of the wedge. After the correction, a rally all the way up could be seen toward the target profit.
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SKL - Possible double bottom - .21Depending on BTC I believe this might play out. If BTC will drop back to 36k a double bottom for SKL could happen, back to .21.
After that, we might see another pump like the end of May.
Have to break at some point…This descending triangle has to break at some point and if it did and confirmed it we could hit the 80 cent + range. Bitcoin just needs to do it’s thing. Either stay steady or move to 45k.
SKLUSDTEngRobo is bearish, we are bearish. Super Eng Robo gives good signal, but must be watched daily to avoid loss. Best buy is atsupportlevel 0.20 or above resistance line 0.43 with open close candle present. Or follow EngRobo signals. M
Skale (SKL) Price Predictions Jun 9 21 | 6x - 13x Potential We are modifying our entry, talking martingale entries and. modifying our profit targets.
Remember, use confirmation prior to entering. However, as mentioned in the video confirmations and strategy are great but that does not mean you are going to win 100% awlasy. So keep that in mind, especially when markets crash as we experienced in May.
GOOD LUCK TRADERS!
#SKL Long Position 213% Profit !!BINANCE:SKLUSDT
#SKL (#SKL/USDT) Long Position 213% Profit 4H Chart Up To 1.25$. entry point After breakout.
#SKALE
Publish content and like it.
Thankful.
SKLSKL working through a larger wave 3 impulse. Based off my H1-H4 analysis EW minor wave count, the current structure suggests we are in sub wave 4 and entering sub wave 5 which based of the length of W2 &W4 we can project a price target of .40c to .61c as part of the intermediate wave 3.
#SKL has 10hoursDYOR, but for me looks like SKL has got 10hours to show some support and bring the old investors back here so we can go up.
don't really wanna cross the red line !
#SKL will need a few daysHi guys
if I'm correct, I believe SKL will need a few days to get back to 0.60 - 0.70
we will probably see some up and downs over the next days.
lets hope some whales can see the opportunity and help us out!
the market supply is so low for SKL... how I wish to see half of #XRP market cap down here...
Patience Always Pays OffWe are still in this huge descending wedge .
Stoch RSI is showing signs of an upward movment.
RSI is inching higher every day.
MACD seems ready for a cross and lower timeframes confirm that.
Volume is decent; however, for a solid move, we still need more.
I am still bullish on this coin.
