SKLUSD trade ideas
SKL (HYPER BULLISH)Taking a look at SKL, competitor to MATIC at a market cap aproximately 36X smaller then MATIC
SKL token holders have grown 50x in the last 4 weeks (many i am sure from coinbases promotion)
This is probably one of the most bullish predictions I have made. 9-16x (depending on time it takes us to reach this ascending resistance) This would be following in Matics footsteps at a much smaller market cap.
I'll check back in 50 days and see how this played out
SKL Cypher PatternHi All,
SKL appears to have hit all of the Cypher targets. We should see a reversal here back to the top channel.
Dump and pump alt coins vs. 20 (period) EMAJust putting this out there and many I'm sure are already aware, but there are speculators apparently watching the crossing events for trades in these speculative coins. IMHO too late now, but I'll be using this idea on a daily timeframe to identify a new crossing opportunity.
FWIW. Highly speculative. High risk. No guarantees. Etc.
SKL Falling Wedge BreakoutThe bullish divergence on the daily RSI and MACD is starting to play out.
It has its first green histogram on the MACD.
SKL - UP 70%!Loved it before the crash, love it as it breaks out of down trendline!
The SKALE Network token (SKL), is a hybrid use token that represents the right to work in the network as a validator, stake as a delegator, or access a share of its resources by deploying and renting an Elastic Sidechain or Elastic Blockchain for a period of time as a developer.
It serves as the built-in instrument of transfer for facilitating four main functions:
1. Security of and staking in the network. SKL token holders (delegators) stake their SKL tokens to validators who run nodes that make the SKALE network function by validating blocks, executing smart contracts, and securing the network. They are rewarded with SKL tokens for their efforts.
2. Payment method for SKALE Chain subscription fees. Developers purchase their subscription access to elastic blockchains (S-chains) using SKL tokens.
3. Rewards for validators and delegators staking their tokens. Rewards are accumulated monthly, based on fees paid by developers for chains and monthly inflation of tokens into the network.
4. Governance and voting. SKL tokens will be used for on-chain voting, which will control all economic parameters of the SKALE Network.
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SKL Falling Wedge wit Bullish Divergence on the Daily RSI + MACDIt also made a 100% retracement from its high to low
Targets are the .618 (60 cents) , .5 ( 73 cents) , .382 (0.86) , and then possibly the .236 at 1 dollar
Pretty Good Time To BuyI’m pretty sick to my stomach with this awful price action. Don’t have any more money to buy sadly. Hopefully alt season happens again this year at some point. Pretty depressing right now.
SKL BUll! This is starting to take offHello My SKL buddies. Look like its about to switch to the bull run. We may see a huge increase in price the next few weeks. This coin should be on a look out. Coin could possible move back to the $1
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Cross on the Daily Stochastic RSII’ve been bullish for awhile on this coin. I feel pretty confident in saying we will see a breakout by May 26th which subsequently is my birthday. So don’t disappoint me SKL lol. Will be watching for resistance at 85 cents.
SKL DAILY CHART, Fib Channel, Wishful thinking... $1.70 around 6/9 perhaps!
Plus I just received $3 of SKL free from Coinbase Earn, (well, I did have to take a some quizzes actually), so things are looking PRETTY good!
SKL nearing apex of triangle, time to break resistance?See labels in chart - a break or 0.7 and we have lift off.
We’ve held beautifully on our parabolic trend line Just a line a trend line I’ve had on my chart for awhile. We haven’t broken this parabolic uptrend yet.
SKLUSD: 2H Watching for possible breakout finally????As above.
Volume spike and bumping up against top trendline of both a descending triangle that formed in May and a large descending wedge that formed in March 2021.
Also, BB squeeze on multiple lower time frames so probable big movement in price action soon.
Would need nice push up over 0.65 to consider breakout and possible uptrend to continue.
Good luck traders!
possible trajectory over next week or twopossible trajectory over next week or two, sell target at .85 conservative, 1-1.04 more aggressive
SKL - BREAKOUT IMMINENTCOINBASE:SKLUSD
Have a big SKL position again after seeing FIB retracement levels hold very nicely at .58 and .62 with lots of buyers at these levels.
I'm personally seeing the 75cent level of resistance break very quickly once we break out from the downtrendline. This is barring any breakdown from BTC which would obviously throw things off if it happens (knocks on wood). Not all that worried about that happening right now though because I'm also bullish on BTC again after its been overshadowed by ETH and BTC Cash the past week. BTC's been trading sideways for the past month and I think we could at least retest the 65k ATH soon.
There's a potential to go back down to .58 but at this point the setup is too good to not be long IMO. Hopefully I'll see you guys at $0.85+ again very shortly :)
BTC NU SKLUSD Technical Analysis & Predictions 5/6/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade (long or short) any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Any day now...Once Skale breaks out of this cup and handle within this falling wedge and retests it as support, we should see some very nice gains. Don’t grow impatient grow your money.
