SKLUSDT trade ideas
SKLUSDT possible symmetrical triangle breakoutExpecting a cup and handle formation within a symmetrical triangle and then breakout for healthy profit, Ofcourse if BTC continue to move sideways and money keeps flowing into the ALTS. Kindly observe the price action as it pumps and dumps on previous occasions.
Disclaimer : Not a financial advise!
sklusdtThis is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
Please support the idea by clicking the like button and expressing your opinion in the comment box
Skale (SKL) Price Predictions 4x - 8x PROFIT! Best Entry PointDisclaimer I am officially in this coin so if you guys pump it I will likely dump at those targets!
WE are already active in the trade looking to move to BE asap but also given an opportunity as we est resistance for people who missed to train to *potentially* reenter at the 0.51-5 range.
SKLUSDT is creating a huge triangle 🦐The price is creating a huge triangle, and now the price is testing the daily resistance.IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SKLThinking this because the LTFs look a little extended, but weekly still strong AF my tp remains $1.24-$1.60 moon shot above $2
SKL long term after break the triangle and POCBetter to wait after break that strong resist of triangle, and get over the POC and confirm it as a support
Relative Volume Strategy Look at the Scanner for RelativeVol > 1I entered long on SKL with target 0.75
Entry setup rel volume > 0.9 on the scanner and obviouly a daily bar that trades higher than prior days bar.
Entry above any 2 hour bar that closed higher.
Exit on 1st target the breakout box height
Exit on 2nd target the breakout box height 2x
Sklusdt beautiful Fib and Breakout ExpectedSklusdt is currently in a downtrend channel 🔻which hasn't broken yet and lying in 0.7 fib level. If this coin breaks the downtrend we will be entered in 0.618 fib level which is the important level in fibs. Here we have 0.618 fib as well as breakout 👌 the channel so after that it is likely it will break the resistance 🔥as well. After resistance breaks enter in it with a long/buy position and we will get a nice profitable trade 🤑💵💰🚀
Let me know your ideas 💡 in comments
Like and follow me for more ideas 👍
Thanks
SKLUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour timeframe. Those who have this currency can make a profit on the ceiling of the save channel, and if the channel stabilizes above, they can start buying for high targets.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
SKLAs u all know if you follow my trades I am long SKL. It was the only Alt coin I kept open after Aril 13th. I tweeted that the top was in on alt coins and actually fomo ed back in B4 realizing that I was right I basically missed the top by few %. This was big for me b c I been trading crypto for many years and have always been super greedy, and kept adding my winnings into new trades or just HODLed up then back down. I would tell myself I like this coin or that coin and am holding for years.
I do keep LT alts but once I changed my perspective on alt coin trading was when I actually made a nice return and kept it.
You see the money isn't real until you actually sell into USD or whatever currency you trade with and then keep it and don't put the winnings at risk.
Anyway I will get off my soap box here and say I held SKL up to .83c and back down to where we are today. I even knew .83c was the top. But I did this because I wanted to be in a trade and was still kinda 1/2 new big mike taking profits like a boss and 1/2 stupid big mike making Noob mistakes.
But I also didn't think we would get this wrecked since I pulled my cash out.
If you look at my old analysis on SKL I had this alt in a triangle with fib extension from the .53c lows in Feb.
Now I can see the pattern we are in and I think it is more of a falling wedge and I am still expecting a big push for SKL b c I feel it is lagging.
How is it lagging Big Mike? look at the weekly Stock RSI on most Alts vs USD & VS BTC and the weekly charts r coming out of overbought or still in overbought.
But SKL (also ADA) r currently in oversold and have yet to have the big push. Anyway that is my theory you guys should always DYOR.
Is a Breakout Imminent for Skale? I’d say that we should see a breakout before May 12th. My target price is around $1.70. I will be watching closely when we retest the $.77 and $1 as we could get rejected at either of those zones. Good luck all.
SKLUSDT (21.04.2021)On the 1D chart, the price found support at $ 0.5, forming a false breakdown downward.
At the moment, an initial growth impulse has been formed on the H4 chart, where the price has already crossed the downtrend line.
We recommend buying SKLUSDT in order to hold a long position to the $ 0.93 level and with a stop loss at the local level for the H4 chart.
#SKL catching wicklooks like it will form a triangle, hoping to catch a wick in the green zone
SL is wide for now but once PA develops will tighten it
