SKLUSDT 3D#SKL is fixed above the MA50 on 3-days chart and now is facing with MA100 and trend line resistance. If it breakout the resistance, expecting massive bullish wave. Targets are on chart.
SKLUSDT.P trade ideas
SKLUSDT - Bullish AB=CD PatternI'm considering a long position in SKL Coin (SKL) at a price of $0.02060. My analysis points to a compelling Harmonic Bullish AB=CD Pattern, with a potential reversal already underway from the D point. This pattern, combined with the principles of Dow Theory and ongoing higher highs and higher lows in the price action, suggests a robust bullish trend in progress.
Furthermore, SKL displays a bullish divergence on the RSI indicator on both the 1-hour and 4-hour timeframes, signaling a potential trend reversal to the upside.
For risk management, I plan to set a stop loss at $0.01940, just below the last lower low. This strategy is designed to limit potential losses. In terms of the target, I'm aiming for a 1:2 risk-reward ratio, indicating that I'm looking to attain double the potential profit relative to the risk I'm taking on.
It's important to bear in mind that while this analysis supports a bullish scenario, the cryptocurrency market can be highly volatile. Therefore, conducting thorough research and staying updated on market developments remains crucial before making any investment decisions
SKL double bottom Bollinguer Bndsfirst time in long time that touched the same floor as before. now we are bouncing from that poin.
Check Bollinguer bands, they are aproaching and crosing, thr space between bnds is smaller, this is good(see why)
Rsi is showing divergence, so this means price will go up.
Next: profilt of 250%
higer profit in history of SKL is 20000%
SKLSKL weekly chart super bullish last Low taken also going to MSS as pattern wise breakout downtrend trend line good RR
SKL/USDT Significant Bounce, Ready for Break the Pattern ??💎 SKL has certainly piqued our interest. Currently, SKL is showing a notable bounce from a robust demand zone and is navigating within a descending channel. For SKL to confirm a bullish trajectory and continue its ascent, it needs to break free from this pattern. At the moment, SKL is on its way to challenge the resistance trendline of the descending channel.
💎 However, if SKL struggles to surpass this resistance and subsequently breaches its strong demand zone, it might be headed towards its key support level.
💎 On the flip side, if SKL successfully breaks out of the channel, it could smoothly sail toward the supply zone, potentially even reaching the bearish OB.
Don't miss this SKL opportunity!SKL is pulling back to the resistance area after the downward CH and the clearing of 2 support areas and the formation of the liquidity pool at the bottom.
This area is full of sell orders and sellers in this area will push the price down.
Look for triggers and confirmations in this area and enter sell/short positions at your own discretion.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
SKLUSDT - BullishIt is in bullish trend after forming bullish divergence, followed by a bullish rectangle. Entering, at the break of rectangle, with SL set below the rectangle. TP set at 1:1 R/R ratio.
SKL/USDT Technical Analysis
We've witnessed a breakout from the vertical channel with a resistance breach at $0.022, signaling a bullish trend.
Bullish target is set at $0.0227.
It's essential to place a stop loss if the price closes above the level that was previously resistance but is now expected to act as support.
Stay alert and make informed decisions! #SKLUSDT #TechnicalAnalysis
SKLUSDTSKLUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.02450
50% pump look possibly The weekly candle close right at the support and the continuation up is happening gradually.
PS a slow mover but 50% move up (yellow line ) to the resistance area ain’t bad for profit taking.
SKL - Recovery should fail
The uptrend that we´re seeing in the last 3 weeks looks corrective, and I expect it to fail.
The yellow zone should provide resistance, and I´ll be looking for short trades targeting 0.019.
SKL Nice Floor, Clear Resistance!SKL created a nice floor. Clear resistance and potential inverse head and shoulders setup under resistance.
SKL 5000%hi guys this is just an idea, some expectations in what SKL can do in the future..
Now is 0.02$ and the resistance is 0.07$
Above that , maybe 1.20$
SKL PUMPIf we look at the chart, we notice since the beginning of the year a gradual fall of the currency represented in a downtrend
A month ago, we reached oversold levels and the price stabilized
The price approached the trend line, we expect it to be broken and a strong rise in the currency
I apologize that my English is not good
Good luck to all
Targets :
T1 : 0.035$
T2 : 0.054$
T3 : 0.07$
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SKL DOUBLE BOTTOMHi guys, i hope you are okey. i bring you new idea about SKL.
we have a double bottom at 0.02$ as you can see in the chart. next move could give us a 300% mybe.
from 0.02$ to 0.07$
That is nothing compared with our previous higher price.
Maybe un a couple of months we can reach 0.30$ . from 0.02$ is a 15x
so... 1000$ today will be 15.000$ tomorrow.
SKL LongHi traders I found a good coin for an entry. It just right on the support level.
SKL (Skale) is a Layer1 coin that offers solutions to the blockchain problems.
Looking a the 4 hour chart, the RSI indicates that is currently oversold, and the price is sitting right on the support level, making it a good short term setup to take profit.
Entry point: $0,02589
target price: $0.02846, $0.03030
SKLUSDT Ascending Journey with 40% Growth Potential. 💎 On June 10, #SKLUSDT discovered solid support at the 461.8% Fibonacci retracement level. Subsequently, the price embarked on a consistent uptrend, breaking free from the clutches of the downtrend trendline. This pivotal bullish breakthrough served as the initial signal for a potential upward movement, and it was followed by a bounce off the minor support at $0.025.
💎 As of now, #SKL is continuously ascending, navigating within the boundaries of the ascending channel. These noteworthy developments collectively increase the likelihood of further price escalation, potentially yielding a remarkable 40% growth for #SKL. The nearest supply zone is situated at $0.035, aligning harmoniously with the 261.8% Fibonacci retracement level and the 200 Exponential Moving Average. This confluence of factors reinforces the significance of the $0.035 price area as a critical target.
💎 While anticipating this strong upward wave, it is imperative to closely monitor the nearest support level. A decisive break below this level should be regarded as a bullish invalidation, hinting at the potential continuation of the descending trend. As astute Paradise Club members, it is vital to exercise caution and remain vigilant throughout the price journey.
💎 Stay informed and prepared, Paradisers, as MCP team is diligently tracking the price action, ready to seize potential opportunities. Keep an eye out for updates as we progress further into the journey of #SKL. 🌴
SKL LOOKS BULLISH (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the SKL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SKL - Bear Flag in Play
We got the expected drop to new lower lows (see related idea), and current price actions look corretive (forming a bear flag).
There isn´t RSI divergence either.
Therefore I expect further lows soon.
SKL to 0.01Seems that the downtrending on Log Scale keeps its course. It did not break it at 0.06 and neither on 0.05
SKLUSDT on weekly support and may head for next resistanceThe price was rejected from monthly resistance MR1 and came back to weekly support WS1. It broke that support for a while but it seems that it is on way to claim it back. This definitely opens the way for the price to again aim for the monthly resistance MR1. If anything goes wrong with this plan and price loses the WS1 zone again then next support we should expect is daily support DS1 and further down the weekly support WS2. For short term I have another idea which I will share in a separate post.
SKL - 4H Elliott Wave Count
My primary count considers we're currently on green wave C of blue wave 4.
Not sure this wave was finished, since we didn't have a 100% extension on waves A-B (this is not mandatory, but is very common).
In any case, I'm bearish and expect another push to the downside soon.
SWING TRADE (SKL) deviations then sending it to upper
entry 0.003412
stop loss 0.3122
targets 0.06764
