🚇SKL is approaching strong resistance
Over the last two months the price has entered and successfully bounced of area of support three times, creating some sort of triple bottom and validating its strength. It is now being supported by a local level (0.3144) and dynamic support(blue). The next expected move is to see the price break above 200MA, get rejected from key level (0.40), than consolidate on another local level for a while (0.3532) before next breakout attempt. In case of a dump we can expect the price to find support in the zone of strong support again (green area)
Entry: buy at current price -- or buy once 0.3532 is claimed(buying under heavy resistance)-- buy later once major resistance is broken on a local pullback
Targets:
0.3532
0.4000
0.4349
0.5140
0.6748
0.8470
1.0081
1.2533
---------------------
About SKL:
SKALE is described as an elastic network that’s designed to bring scalability to Ethereum. As well as boosting transaction capacity, the decentralized project aims to reduce latency and ensure that payments can be made as cheaply as possible.
The project’s website says it wants to enable people to build and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” This emphasis on decentralization isn’t at the expense of security.
According to SKALE, those who build on this platform can run Solidity smart contracts “thousands of times faster at a fraction of the mainnet cost” — with games and content streaming services among the projects that already take advantage of its infrastructure.
Source: coinmarketcap
Entry: buy at current price -- or buy once 0.3532 is claimed(buying under heavy resistance)-- buy later once major resistance is broken on a local pullback
Targets:
0.3532
0.4000
0.4349
0.5140
0.6748
0.8470
1.0081
1.2533
---------------------
About SKL:
SKALE is described as an elastic network that’s designed to bring scalability to Ethereum. As well as boosting transaction capacity, the decentralized project aims to reduce latency and ensure that payments can be made as cheaply as possible.
The project’s website says it wants to enable people to build and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” This emphasis on decentralization isn’t at the expense of security.
According to SKALE, those who build on this platform can run Solidity smart contracts “thousands of times faster at a fraction of the mainnet cost” — with games and content streaming services among the projects that already take advantage of its infrastructure.
Source: coinmarketcap
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