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SKL

SKLUSDT (SKL) - BUY ENTRY ANALYSIS 🔎 - SKLUSDT is consolidating in the symmetrical triangle (ST) pattern. - Price is testing the symmetrical triangle's inclined support. - The minor downtrend was bounded in the falling wedge (FW) pattern. - Price brokeout above the falling wedge's resistance. - This is a bullish signal (bounce off the symmetrical triangle's inclined support). BUY ENTRY ⬆️ - Market price. TARGETS 🎯 - Symmetrical triangle's inclined resistance. SETUP INVALIDATION ❌ - Breakdown below the symmetrical triangle's inclined support.
Long
by Chibuike_Odoh
2
SKLUSDTHey. SKL had an amazing breakout as I said it will. I hope you opened that position and gained your profits already. But now it's getting rejected by the upper Bollinger Band and I don't see any safe positions for this coin for now. I'm publishing this idea to let you know that it's not a safe coin to trade right now. there are no valid data for how it's going to behave right now. Look for other coins. I know since it's the hottest coin on Binance right now some of you might FOMO, but don't. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR
7
SKL, continuation or retracement?SKALE had a really good day today but looks to have retraced back from the .236 Fibonacci retrace level from the previous dip back to the .382 Fibonacci level and potentially could be forming the upper part of a forming wedge (dashed red line). This leaves a couple of options still on the table from the looks of it. Option one is a continuation (which could easily be supported soon by MACD on the daily chart soon). However, there is also the possiblity that an ascending triangle could be starting (solid red lines) after which a small dip could occur over the next few days before heading up again (particularly if BTC dips), that is, assuming it doesn't continue downward beyond the bottom support (solid red line). There at least look to be a couple of options upward for SKL at least, so it should be interesting to see how it plays out over the next few days.
BINANCE:SKLUSDLong
by crypto_trends
SKL - It will go to ATH again!Here's a quick look at SKL 4 hr chart. As we can see the price broke out from the bull pennant and did a retest and then broke through resistance. The next area of resistance is around 0.8$. The idea is: Buy the retest of the level shown in the chart, and if it does not retest then buy the breakout from the are shown in the chart. Take profits at the level shown in the chart. Targets: 1. 0.86$ 2. 0.94$ Follow me for daily trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
Long
by MBM_Crypto
$SKL - ready for another run $SKL🚀 - (1-3 days) - About to test descending wedge (buy the break) ✅ - Volume on daily heading up and hourly ✅ - 4 days of support above the $0.68usd range ✅ - Golden Cross coming ✅ - Res ichimoku cloud thinning out, currently occupies a $0.02 range ✅ Enter at break or uptrend resistance $0.715-$0.735 Target 1: $0.77usd Target 2: $0.88usd Target 3: $1.02usd Target 4: $1.12usd Stop loss: $0.668 Potential gain: 61.67% Potential loss: 4.36% RR 1:14.13 Risk: low risk Worst case scenario: SL is breached price could fall to the bottom of the wedge around $0.50usd in that case we would look for a buy - although on this trade a 4.36% is the most you would lose 🐳
BINANCE:SKLUSDLong
by MegaWhale
8