SKLUSDT trade ideas
💡SKL: BUY Trade🚀🚀🚀🚀🚀🚀 #ALTSEASON2021📈#SKLUSDT
➡️Entry: 0.53$
🎯Target 1: 0.71$
🎯Target 2: 0.90$
🎯Target 3: 1.35$
SKL Forming a "Wedge pattern" A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect a price series's respective highs and lows.
A wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics:
-First, the converging trend lines.
-Second, a pattern of declining volume as the price progresses through the pattern.
- Third, a breakout from one of the trend lines.
Falling Wedge
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines are drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may break out above the upper trend line.
When price breaks the upper trend line, security is expected to reverse and trend higher.
Some studies suggest that a wedge pattern will break out towards a reversal. more often than two-thirds of the time, a falling wedge is a more reliable indicator than a rising wedge.
Bull target - 1.190686. I don't believe SKL is going to beat the ATH in the upcoming weekend or the coming week. But there is potential.
Bear target - The price trend keeps going back and forth for the upcoming week.
RSI - 56.51 Perfect for a good run to the upside.
VOL - Like with all crypto the vol needs to increase. Seeing it spike up recently I think that it needs time to consolidate before a good run to the upside.
DYOR. And please leave a comment or any criticism.
SKL up or down?Seems like predicting SKALE price with TA has failed many times. Maybe just maybe this could be the final triangle we're waiting to breakout, or maybe not.
We'll see
SKL bulish ideaHello . This is my first idea in business. I hope you like this, please be careful and always set the STOP LOSS . In case of loss and stop, we can buy at a lower price, please please do not forget set the stop loss. tnx AMQEZI ;)
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!
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.
LONG SKLI've been monitoring SKL for the past few weeks and looks like it is trading inside this huge triangle. After the elon dump today it hit exactly my trend line . I personally believe that the bottom is in and we should be looking at a breakout from this triangle soon. Not Financial Advice!
SKL pending breakout Reached the ending of triangle - expecting a push up but waiting for confirmation
What's Next?Obversando este grafico en unos meses esta moneda podria subir su valor superando el máximo.
Quien mas cree esto?
And now we pump!We got the dump out of the way. I’m not surprised we hit the 50 cents zone but we are way oversold now and should be pumping very soon. Look at what’s happened every time we’ve been this low on the 4-hour time frame. Who’s ready for a break out???
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
Skale, SKLUSDT breakout incoming ?Hi all,
SKALE looks interesting given the rise of Layer 2 solutions and the Elastic sidechain solution SKALE is offering I think it has an upward potential.
Let's look at the technicals we are currently at a break point. You can clearly see that on the daily chart, both the diagonal and horizontal resistance levels meet in the $0.75 zone. I would say that a daily close above that level will open the door for a run towards the ATH daily candle close at $1.1, which is situated at 56 percent from the current price position.
Next target will be at the Fibonacci extension, which more or less is in synch with the triangle breakout target - $1.85 - at 158 percent from here.
Such a strong move will push the market cap of Skale above $1 billion (at $1.16 to be precise) and it will allow it to enter the Top 100, which is absolutely achievable.
Regards
SKL longI already did a CP on SKL. it went the other way arounf due to the btc correction. Skl still wants to breakout so i thought i'd share this chart with y'all! potential target is $1.06. DYOR and have never forget your SL
SKLUSD any1 need a swing trade dont know much project wise _chart only this looks strong same with GRT or the graph n even OMG lookn decent among others
SKL is ready to fly!after having a pullback pivot and failure to touch the hotspot for the first movement, SKL is going to touch the hotspot and then flyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy!
Skale on the WeeklyWe’ve had a lot of buying and support around the 60 cent zone. All indicators are pointing up. I’m expecting a fun next few weeks. If BTC continues its recovery, SKL can make a run.
