SKLUSDT trade ideas
SKL midterm investmentsSKL is going to be bullish as for now the trend need a pullback/correction or a range for another jump but anyway the trend is now bullish so if u have investments don't panic you are safe
share this post please maybe helps some one don't lose its investment or possible profit
skl/usdtskl/usdt is a new coin so it is what i am get from different aspects such as ichimoku conditions, Elliot waves and so on. all in all, in my point of view, it is completed his ABC bearish pattern and it's time to goes up. the targets draw in the chart.If it can breaks the bearish trend line we can expect to goes higher. it would formed and ABC movement the the highest point of pennant.
Targets:0.10406, 11200,11632,13573
SKLUSDT the trendline is bearishas you can see for the plotted brush marks the trend tends to be bearish and succeeded to break the supports so it s going to be bearish for now ELSE the bulls get the power and inject huge amount of money into it (which is unlikely so as the BTC is giving more profit for now and its December so most companies withdraw money)
this chart was asked in custom *
SKL/USDT (Bearish Triangle Pattern?)💎Technical Analysis Summary💎
BINANCE: SKLUSDT
-The price action is technically bearish for the last 7 days
-We can see a series of Lower Highs and flat area of support
-This is not a good sign, because this support becomes weaker over time
-Most of the time, this triangle breaks to the downside
-Please be cautious and always to follow your stop loss
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SKLUSDT - Potential breakdown 🔽SKLUSDT is printing a descending triangle pattern on the 2H timeframe.
Sell entry ⬇️ - breakdown below the descending triangle horizontal support.
Target 🎯 - fibonacci extension levels / projected descending channel support.
Setup invalidation ❌ - breakout above the descending triangle inclined resistance.