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Skale

🚇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
SKALE will likely pull a NuCypher any day nowI clearly see multiple whale addresses that are using their holdings to suppress price to get people to sell. I'm very confident that these whales are done accumulating (as a lot of retail holders have sold out of frustration from the long consolidation period). So, I think what we can expect is an insane breakout past .50, past $1, all way to $1.8 - $2.5. The order books on exchanges are setup to give the illusion that there is resistance (just like it was done with NuCypher). While I have nothing against VCs, this is literally the exact play the investors did with NU. Who are the VCs in SKALE? Arrington XRP Capital, Blockchange, ConsenSys Labs, Hashed, HashKey, Multicoin Capital, Recruit Holdings and Winklevoss Capital. There is big money here in SKL -- you think they put in capital for small gains? Nope -- it's all been a game before the real price comes overnight (closer to $1.8 in my opinion).
COINBASE:SKLUSDLong
by ValueCryptoTrades
4
SKLUSDT Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL. ENTRY PRICE BLACK COLOR MOST PROBABLE SCENARIOS TARGETS GREEN COLOR LEAST PROBABLE SCENARIOS TARGETS RED COLOR TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE. DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
Long
by hadimozayan
SKALE NETWORK - SKL - ON INCREASE TREND TO NEW HIGH LEVELHello trading friends, ✅SKL shows the interesting trend for further increase trend into the level of the high targets This forgotten coin has more trend to show a good increase coming time. ✅ The 0,60+ Are a possible next long term trend what also can do into short term ✅Like and subscribe to not miss a new idea!✅ Thank you Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect All our charts are not advice and you are responsible for your own investment 🎬To stay updated check always our last update.
Long
by watchtrend
SKALE Network SKLUSDT - Falling wedge-SKALE Network - Rank #142 is forming falling wedge pattern, which is currently breaking up! -First target is all time high, that is an only resistance on the way up. -Of course, we can go much higher, but for now stick with this resistance. -0.618 FIB golden pocket support acted as major support in the past. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
5
SKL NEEDS A STRONG PUSH TO SMASH THROUGH THESE RESISTANCE ZONESSKALE NETWORK has recently reached an important milestone. Dapps are now officially building on SKALE, and it is an official bridge to the ETHEREUM blockchain. SKALE intends to improve efficiency on the ETHEREUM blockchain and reduce transaction fees. Technically speaking, the trend line in black has proved to be a stubborn resistance and hammered the price action down throughout the past three months. SKL needs to gather all the strength it can muster to break through this resistance. Also, I can see the possibility of a parabola developing. The possibility of golden crosses between EMA50 & EMA100 and MA50 & MA100 speaks of a bright future ahead. MACD is posing a divergence in the positive zone. However, RSI is on the verge of entering the overbought zone. Volume is gradually picking up. I suspect that something massive is brewing.
Long
by Djawad_Afsharirad
4
SKALE Network Has Revealed Another Clue For A Huge RallyDown channel: Since March 2021 the price action of SKL is moving in a down channel. After applying the volume profile on the complete price action moving within this channel, we can see the result that the volume profile is showing very less interest of the traders close to the support of this channel and the point of control of the volume profile is above the resistance of this channel and we have very strong interest of the traders even above the resistance. The price action can follow the point of control which can lead to a big break up. There is also a 100 simple moving average resistance at the same level where we have the resistance of down channel. Small Shark: On the daily time frame chart, the price action of SKL has formed the final leg of bullish Shark. Therefore a reversal move is possible from here. Big BAT: On the weekly time frame chart, the price action has of SKL has formed a big bullish BAT pattern. As per the Fibonacci sequence the buy and sell targets for this bullish 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. As per the above targets, this trade has a huge profit possibility 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. Conclusion: Even though the price action is moving in the down channel channel for the long time period. But now we are having two harmonic bullish reversal patterns formed. One is on the daily time frame another one is on the weekly time frame. These harmonic moves are signaling to a big break from this down channel out soon.
Long
by moon333
2
SKL- TREND WHALES ARE YOU READY FOR SKL NETWORK?... MTN 420Hello trading friends, SKL has the chance to get pumped by whales - and this depending on more trends, not only history trend shows this, but more private signals that we use - shows SKL has a huge chance for this breakout. SKL is under trend what makes this coin more interesting. I will be not surprised if this coin increase to a high amount, depending on the last study trend SKL is very interesting, not only for whales but also for normal users also. Know that this coin choice by watch trend as the top coin with an increasing trend. We know there is noting called 100% into crypto - but this is our trend and use expecting - you should do your own study, and manage your ris k. Have a great coffee time! Follow/like for more trends.
Long
by watchtrend
1
THE COINBASE COIN SKL HUGE EXPECTING FOR INCREASE TREND 50% +Hello trading friends, With this update, we will explain the trend of SKL, and why it's a TOP Coin, and possible increase trend expecting, same time does your own study as markets can change by the daylight. As the most know, we do time by time an update about expecting increase coin, and for this period we have choice SKL, this one more reason, the price action TA and market trends. Data trends show that SKL has a huge chance to breakout including TA expecting on the chart. we have seen before increase trends that just took 2-3 days with 150% + into increase. we know that we don't should depend on historical trends, but we take it only as price action. What next? If the trend goes as it should go, we can expect in the short term an increase of 50% on SKL. that means at last 0,32+ Manage well your risk, this update means not that you should enter SKL, it is more about our trend expecting. Have a great trading day. Follow/like for more updates, thank you
FTX:SKLUSDLong
by watchtrend
1
SKALE - THE TOP COIN THAT CAN SHOW INCREASE EFFECTS WITH HUGE % Hello trading friends, When we find a signal like this, then the most time we add it also as long term, we don't just a coin for no reason, there should be at last high study on the trend, and we can say SKL is a top coin for coming time ( long term vision possible ATH) WE did meet this coin also before, when we did add this below update when the price was 0,30, we did expect 1 USD, and in some days the price did hit 1 USD + See the below chart from 02-03-2021 We expect a great increase trend on SKL with possible ATH - at last, we expect for short term 50% increase as we did say from this start price 0,190 Have a great coffee Time! #Manage always your risk, and dont enter with all in.
Long
by watchtrend
4
SKALE NETWORK IS READY FOR A HUGE BREAKOUT 50% + TO 0,32+.. SKLHello trading friends, Our eyes focus coming time on SKALE NETWORK it shows great trends on long term depending on TA study. We expecting a target of 0,32 + long term . this can also be done in the short term if the volume will be done faster. there is also a possible way that we can hit ATH , but for that target we should get more confirmations coming time. We have expected more increases in the last times. and the same way we use now on the Skale network. Means this that you should enter scale now directly? this is not an advice update to let you buy or sell, this is our expecting trend for the coming time for scale, any coin you enter study the trend before you enter. Have great coffee time
Long
by watchtrend
2
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.
Long
by moon333
3
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
Long
by FutureBlockchain