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SKL / TetherUS

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SKLUSDT trade ideas

SKL curved channel and trajectorySKL presents 3 supports in line and 1 above them. It seems to be testing a resistance soon for a probable BULL run. Take a look at my previous SKL chart for a zoom out. MAGENTA CHANNEL This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Long
by heroselohim
3
🚇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
SKL/USDT TRADE SETUP! READY TO GO ATH!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this SKL/USDT update, SKL looks good here. It already broke out from the symmetrical triangle and currently retesting it. This is the best time to accumulate for huge gains. Entry range:- $0.33-$0.38 Target1:- $0.48 Target2:- $0.62 Target3:- $0.8 Target4:- $1.2 Target5:- New ATH SL:- $0.28 If you like this idea then do support it with like and follow. Also, share your views in the comment section. This isn't financial advice. DYOR before investing. Thank You!
Long
by CoreCrypto1