SKLUSDT trade ideas
SKL USDT Descending channel breakoutRSI downtrend broken and we have popped above the upper trendline of the channel. Volume has also increased during this move.
The Kijun (red) line is flat and PA remains below the cloud, I'm wanting to see 1: The Tenkan (blue line) cross the Kijun (red line) and 2: An increase in volume to enable price to push through resistance levels above. Failing this, PA could move sideways as suggested by the Kijun line or drop back down to retest the top trendline of the channel. Stoch RSI is stretched on both the 4hr and Daily timeframes but there is plenty of scope for upward movement on HTFs such as 5D and Weekly.
$SKL 8-10x opportunityLong term (3-6 month).
Take profit 1: 1$
Take profit 2: 1.5$
Stop loss: 0.08$
Do your own research.
SKL USDT Descending channelSKL has bounced inside this descending channel for 6 weeks. Need to see a significant uplift in volume and/or a break in the RSI trendline to convincingly break out of the upper trendline. Even then, plenty of heavy resistance waiting above the channel.
Cheap entry price opportunities or a chance to DCA/ bring avg purchase prices down for those already invested longer term.
SKL/USDTHello traders Let's take a look at the #SKL / #USDT I think we are exactly at a strong level and soon we are flying from this area
do not miss that shot.
Enter: 0.15 - 0.17
TP1:0.19 TP2:0.21 TP3:0.26 TP4:0.35 TP5:45
SL:0.127
SKL USDT LONG (VERY LONG)My time horizon is 5 years minimum but may TP (10%) at around $1.60. For those looking to TP on the way up, some possible TP targets in grey next to price axis/NFA.
$skl has been in an accumulation period for months and is likely to break out within the next 4 weeks as the wider market completes its correction.
Skale Network has multiple projects and upgrades going live during February with SKALE V2 (aka Skaleverse) going through final stages of QA right now which will bring many new features to the network enabling more Dapps to go live. The tech behind this project is unique, as is the community supporting it (#skaliens) and the ever expanding and engaging team behind the network (DYOR).
Will focus more on trading /TA in future ideas I post. Thanks for reading if you got this far!
SKLUSDT Analysis (falling wedge looks completed)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 0.2 and 0.25
after first target reached move ur stop to breakeven
Stop: under 0.12 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
SklusdtWill history repeat it self ?
By breaking the downtrend line skl will be able to go up again
The targets are shown on the chart
SKL - Long 10xSKL oversold and should bounce off support here.
My SKL long trade setup:
10x long
Entry: 0.177
T1: 0.186
T2: 0.1947
T3: 0.204
Stop: 1hr candle close below 0.167
SKALE Network (SKL) Buy ZoneSKALE Network (SKL) Buy Zone
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BIAS
Long-Term : Bullish
Risk : Low
With a low of SKALE Network has just retested one of our deepest mid term support zone at lower entry where buyers prevented it from going any lower.
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$SKL/USDT SPOT SETUP
Entry Price : 0.194 - 0.207
TP 1 : 0.2175
TP 2 : 0.2315
TP 3 : 0.2515
TP 4 : 0.2828
TP 5 : 0.316
TP 6 : 0.367
TP 7 : 0.3888
TP 8 : 0.437
Stop Loss : 0.165
*Stop Loss - SKL daily close below 0.165
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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SKLUSDT False Breakout wait for BuyzoneFalse Triangle breakout now on weekly support and going towards monthly support.
BuyZones:
0.28 (Major Support, 1M Support) (Buy Zone) 0.2650 (Buy Zone) 0.25 (Buy Zone) 0.24 0.2075 (Buy Zone) 0.19 (Buy Zone) 0.18 (Buy Zone) 0.1530 (Very Strong Major Support)
Take Profits:
0.38 0.4450 0.50 0.57 0.67 0.72 0.82
StopLoss:
15%
Legend:
🔴 Pink Structure -> Monthly Structure.
🟣 Purple Structure -> Week Structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4H structure.
⚪ Grey structure -> 1H structure.
SKLUSDT short profit
Brokeout and retest descending channel
Weekly strong support
You can also hold it for next weekly support
Waiting for RSI to breakout and reach 50
SKL is oversold !!Just look at the graph, no need to understand any technicality.
Anyone can easily see how SKL is just so much oversold that it is at it's lowest mean level.
There's no way it can go down anymore, the only thing now remaining for it is just a bounce back and the first level to touch will be 0.2, but it is expected to touch 0.3-0.4 within a fortnight, as per my predictions
SKLUSDT1) Now SKLUSDT pair is in a very strong demand zone.
2) RSI is below 40.
3) Bullish ABCD pattern has formed.
4) According to the market structure now we have a LL position we can expect that market structure could change for a bullish market structure by making HH and HL positions.
5) For additional confirmation wait for the golden crossover happen and wait for the MACD crosses the signal line upwards.
**ALL OF THESE ARE EDUCATIONAL PURPOSES ONLY**
skl/usdttime to buty bet skl now is 0.16
#SKL respects trendline support
initial resistor 0.17.50-0.18
0.19-0.21-0.22 candles can be expected in casting
medium term good buy zone 0.15-0.16
SKLTrying hold the support,
If it can hold the support (red line) targets are available,
Not financial advice.
Log positiıonThe currency is in its powerful support zone
It is expected to react positively to this zone and start up trend
Prediction SKLUSDTPERP (LONG) [Short Term]REASON =
- Volume Spike
- Breakout Double bottom Minor (H1)
- Breakout Double Bottom Mayor (H4)
ready to jump Ascending Triangle: An ascending triangle is a breakout pattern that forms when the price breaches the upper horizontal trendline with rising volume. It is a bullish formation. The upper trendline must be horizontal, indicating nearly identical highs, which form a resistance level. The lower trendline is rising diagonally, indicating higher lows as buyers patiently step up their bids. Eventually, the buyers lose patience and rush into the security above the resistance price, which triggers more buying as the uptrend resumes. The upper trendline, which was formerly a resistance level, now becomes support.
