SKLUSDT
SKL Potential Short Term TargetsSKL is forming an accumulation. Considering bouncing back from its support line, targets, as shown in the chart, is expected.
*NOT FINANCIAL ADVICE.
SKL - 70% GAINS_ buy and hold here
- great volume profile for this set up.
- Target 1.272 Fib. + 70% gain.
I'm at my limitSKL has not been looking good lately. SKL is one of those coins that will drop for weeks.. and then pump 100% in 1-2days. SKL could go to .50 if it had to. If we drop below this trend line, I will have to sell and I have a big bag. Best of luck everyone.
Resistance support area of value on $SKL against $USDTPrice action has broken out as of April 5th with a pullback and retest of the bull flags upper trend line. At the moment price action is trading in the area of value where price has ranged for the most part since end of march. The area of value between 0,0726 and 0,0756 will require a move with volume to be broken as $SKL hasn't yet been able to leave the box. Once broken out look for a measured move anywhere between 60 and 80% yield in the course of the following days. Pressure building.
SKLUSDTSKLUSDT
Long
Entry: 0.703-0.69
Stop loss: 0.6614
Take Profit 1: 0.86
Take Profit 2: 0.913
Take Profit 3: 0.98
Take Profit 4: 1.18
Max Risk: 2%
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.
SKLUSDT CONFLUENCE HOPIUMBINANCE:SKLUSDT 3 points of confluence. top of parallel channel, top of fib-extension, top of fractal.
chai if not e choke!
Long term bullish viewSKL loves to pump. We're 45% away from the recent high. Good entry point right now.
ETH pumping
ETHBTC ratio pumping
The higher the ETH price, the better for SKL
market green today
SKL likely at the bottom
Stock market at all time high
FIL is dropping... where will that money go?
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 🗣✅
SKL Triangle Break out Confirmed SKL Triangle break out confirmed and is going to pump over 100% in coming days.
Reasons:
1. Triangle break out with high volume
2. Perfect support Zone that is Marked in the analysis
3. Most of Indicators are in over sold zone and are returning
4. Good news until end of month (See on coinmarketcal)
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!
SKLUSDTSKL looks like typical bottom of the cup. Doesn´t need to be strictly - prime is reflection from the bottom. Nice targets for spot or lower targets for leverage isolated.
Enjoy it and as always - keep learning, keep earning.
