Skale Network: Consolidation EndingSKL is looking like it might be wrapping up its first period of consolidation after being listed on Coinbase Pro. Let's see how it does! Here's a nice set-up for those interested in taking a positionn. I trade all these swings right alongside you; these are my actual positions. My entry point is always the current price before you update the load bars. I am not a financial advisor. Join me at your own risk.
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SKLUSD trade ideas
SKL long trade ideaSKL dropped hard following BTC, found its bottom, broke out of the descending wedge (in green). Currently appears to be making an inverse Head and Shoulder pattern (possible drawing the right shoulder now). If price breaks 0.605 with volume, it’s a great long trade entr6 with 1.85 RR.
Target 1 - 0.65. Target 2 - 0.69, where the full potential of the iH&S pattern plays out.
Happy trading
Crypto Market & SKLUSD Technical Analysis & Predictions 3/22/21*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 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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SKLUSD: Tick Tock Tick Tock.... big resistance at 0.75-0.76As above.
SKLUSD slowly crawling along the bottom trend line with continued decent support at 0.68 with strong résistance and multiple rejections at 0.75-0.76.
Volume continues to be very low. MACD still appears to be trending upward toward the 0 line at least on the 2H and 4H time frames.
The BB squeeze is still tight and only a matter of time before we see a jump in price action but not sure of timing!
I would think a good break out over 0.76 with an increase in volume would signal a possible start of new uptrend in price action. If it breaks 0.68 support, then down to low 0.6 area at least in the immediate short term.
Good luck traders!
SKL 3.20.21Dont know what it is but the chart is looking good. needs to consolidate some more and fill in the range. Swapped some crypto dust on coinbase i had laying around and picked up 60 dollars worth. those coinbase rewards are damn nice sometimes . last i looked it was less than 15 dollars worth
$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 🐳
SKLUSD: 2H Watch this coin! Possible ascending channel setupAs above.
Looks like some good support at 0.68 and appearing as if it is consolidating and trading sideways for now with BB squeeze. Bullish divergence on MACD and not over or undersold on RSI. Has lots of room to go up should it take off.
SHUSHI USD looking very similar as well to me.
Please watch for BTC crash that may put a damper on any possible ALT coin uptrend in the short term but hopefully in the end BTC dominance will decrease and allow for ALTs to pump again.
Good luck traders!
Crypto Market & SKLUSD Technical Analysis & Predictions 3/15/21*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 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.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
SKL ready to pump tp $2.00+Looks like a triangle forming, big order blocks at 2.00 on coinbase. Along with the new listing, bots built up the order book so they will move prices up (based on their holdings) before they dump it to nothing. Still think it has a 8x shot. GRT did the same when it got listed on coinbase. This is not over yet. DYOR- NFA. GL all.
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