SKLUSDT.P trade ideas
What is SKL? I don't know.But this looks like an opportunity to swing trade short,
or to DCA into a nice LONG position.
NFA/DYOR
Entry range may be as low as thirty one five.
🔥 SKL Channel BounceSKL has been trading in a downward sloping channel for over two months now. Amazingly enough, the channel support held during yesterday's sell-off, potentially marking a strong reversal in the short-term.
Long term target would be the $1 resistance.
Happy trading!
Bounce or die.Everything that I could have made a bear case for in previous months has been fixed and we are sitting on a major trend line. All signs point up for this project, Skale is even sitting on a major announcement coming in the next week or 2 (probably when their first dApp goes live on their Mainnet).
SKL give it a time to break ouSKLUSD
If that low volume grows, SKL will show some magic.
Waiting for Mr. Corn's move, before enter a trade.
DYOR
Not financial adviec.
SKALE(SKL) ready too fly and hit 1$ againHello everyone there is a good entry for this Token and its better to enter after break the dynamic resistance or maybe its better to called Flag pattern on Daily Time frame.
Bullish SKL 6X by end of JuneFrom technical perspective once SKL break the flag we should be getting into bull run with SKL.
Furthermore expecting bull run of more than 6X for SKL from fundamental perspective.
💡SKL: BUY Trade🚀🚀🚀🚀🚀🚀 #ALTSEASON2021📈#SKLUSDT
➡️Entry: 0.53$
🎯Target 1: 0.71$
🎯Target 2: 0.90$
🎯Target 3: 1.35$
SKL Forming a "Wedge pattern" A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect a price series's respective highs and lows.
A wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics:
-First, the converging trend lines.
-Second, a pattern of declining volume as the price progresses through the pattern.
- Third, a breakout from one of the trend lines.
Falling Wedge
When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines are drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may break out above the upper trend line.
When price breaks the upper trend line, security is expected to reverse and trend higher.
Some studies suggest that a wedge pattern will break out towards a reversal. more often than two-thirds of the time, a falling wedge is a more reliable indicator than a rising wedge.
Bull target - 1.190686. I don't believe SKL is going to beat the ATH in the upcoming weekend or the coming week. But there is potential.
Bear target - The price trend keeps going back and forth for the upcoming week.
RSI - 56.51 Perfect for a good run to the upside.
VOL - Like with all crypto the vol needs to increase. Seeing it spike up recently I think that it needs time to consolidate before a good run to the upside.
DYOR. And please leave a comment or any criticism.
SKL up or down?Seems like predicting SKALE price with TA has failed many times. Maybe just maybe this could be the final triangle we're waiting to breakout, or maybe not.
We'll see
SKL bulish ideaHello . This is my first idea in business. I hope you like this, please be careful and always set the STOP LOSS . In case of loss and stop, we can buy at a lower price, please please do not forget set the stop loss. tnx AMQEZI ;)
IF YOU'VE LOST CONFIDENCE IN SKL, BEAR WITH IT!Bullishness is still in the air regarding SKL.
This massive descending wedge is still true.
Hodlers will see the fruits of their patience.
Rash and confused investors will pay a heavy price. I won't sell a single SKL coin. It won't be long you'll see why.
1.2 - 1.5 is still my target FOR NOW. I might modify upwards!
Long SKL/USDT SKALE has pulled back enough for an entry, IMO it looks good while above support around 0.475 and has also been consolidating for over 3 months. Good project with good financial backers. Looking for a long term breakout above 0.7 as long as $ALTPERP keeps moving up and $BTC Behaves.
LONG SKLI've been monitoring SKL for the past few weeks and looks like it is trading inside this huge triangle. After the elon dump today it hit exactly my trend line . I personally believe that the bottom is in and we should be looking at a breakout from this triangle soon. Not Financial Advice!
SKL pending breakout Reached the ending of triangle - expecting a push up but waiting for confirmation
