SKLUSD could be ready to SKALE? (3 Trade setups)
Summary:
Three potential trade opportunities as long as Bitcoin price action doesn't ruin the show.
Story:
SKLUSD has been following an upward channel since October 2023 and the recent pullback could be a good buying opportunity to enter or add to your stack. SKLUSD is an active blockchain gaming company that provides fast, gas-free transactions that is constantly engaging in new partnerships. Happy to hear what you all think of this idea.
- Possible 11% gain
- Price action could pop up the $0.1215 resistance
- RSI looks like it could bounce off the yellow dotted horizontal ray or yellow dotted line that identifies RSI lows
- Stoch RSI looks like we could see a move to the upside
- Possible 30% gain
- Price action could pop up to the top of the channel to around $0.14
- RSI looks like it could bounce off the yellow dotted horizontal ray or yellow dotted line that identifies RSI lows
- Stoch RSI looks like we could see a bounce off the support red line to the resistance
- Ambitious 56% gain
- Price action could pop up to the next highest resistance of $0.17
- RSI and Stoch RSI could break the upper resistance line and keep going
- If Bitcoin performs well, this definitely happen down the road.
- No crypto analysis is complete without correlating it with BTC price action. If BTC can maintain staying above the resistance line it broke through in the triangle formation, we could potentially see a move up to test the ATH
- Stoch RSI long look is bullish and as long as we stay above the Stoch RSI support line, good things can happen this year. Notice how the end of the ascending triangle is near the end of the year. Could this be when BTC rips even higher?
Three potential trade opportunities as long as Bitcoin price action doesn't ruin the show.
Story:
SKLUSD has been following an upward channel since October 2023 and the recent pullback could be a good buying opportunity to enter or add to your stack. SKLUSD is an active blockchain gaming company that provides fast, gas-free transactions that is constantly engaging in new partnerships. Happy to hear what you all think of this idea.
- Possible 11% gain
- Price action could pop up the $0.1215 resistance
- RSI looks like it could bounce off the yellow dotted horizontal ray or yellow dotted line that identifies RSI lows
- Stoch RSI looks like we could see a move to the upside
- Possible 30% gain
- Price action could pop up to the top of the channel to around $0.14
- RSI looks like it could bounce off the yellow dotted horizontal ray or yellow dotted line that identifies RSI lows
- Stoch RSI looks like we could see a bounce off the support red line to the resistance
- Ambitious 56% gain
- Price action could pop up to the next highest resistance of $0.17
- RSI and Stoch RSI could break the upper resistance line and keep going
- If Bitcoin performs well, this definitely happen down the road.
- No crypto analysis is complete without correlating it with BTC price action. If BTC can maintain staying above the resistance line it broke through in the triangle formation, we could potentially see a move up to test the ATH
- Stoch RSI long look is bullish and as long as we stay above the Stoch RSI support line, good things can happen this year. Notice how the end of the ascending triangle is near the end of the year. Could this be when BTC rips even higher?
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