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Skalenetwork

SKL - Daily more fallSKLUSD has recently experienced a pullback below its crucial support zone, as highlighted in the chart. This movement indicates a potential shift in market sentiment. Typically, a pullback under a support zone, especially when sustained, can signify weakness and increased selling pressure, hinting at the possibility of further declines. This breach suggests that buyers are losing control, and if SKLUSD does not reclaim the support zone swiftly, it may continue to trend lower, targeting new support levels.
Short
by Sober_Trading
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?
COINBASE:SKLUSDLong
by The_Moon_Lander
6
skale network - long chart trend (skl) Breakout?Hello trading friends, This is a small view update for the possible trend for long on SKL with the possibility of a breakout. Know that sometimes coins increase, but after that, it goes into recovery - for this reason, the place always good sl on any study coin you have done. Data: SkL looks interesting and the time frame should confirm a coming time or this are only for a small-time or longer time. It's also not a bad idea to wait on recovery trends or a re-test on further levels. Know that fast handling and just entering the market could bring some into losing - study the trend well and take time - there is no hurry to make always directly an action. And the market is very big 24/7 open. study your setups, and check which markets are good for you. Trying to check the best possible time frame coins that have possibility to increase depending on more data trends. Have a great day. This is not a trading call - manage always your risk. #If you like the content leave a like and follow - Thank you
Long
by watchtrend
SKALE is positioned for lots of upside Howdy folks, another play I wanted to share I've opened a position in Skale coin at around 12 cents bc (a) it is looking oversold at these levels, (b) there is chance for upside to 100-500%+, whereas if it dips from here I only temporarily am down 30-50% (I don't actually lose this money unless I sell while down, but with crypto if you hold long enough it will rise again) Three scenarios I see playing out: 1. Price returns to 24 cents 2. Price returns to 35 cents 3. Price rallies past 50 cents In all of this instances the upside is 100%+ Volume is currently at $24M and rising. Watch out for the volume to continue rising to validate the bull run. Also, this is assuming tomorrow's Fed news doesn't crater markets again! If you found this valuable, follow for more!
FTX:SKLUSDLong
by seymour-ganes
2
SKALE Network (SKL) Buy ZoneSKALE Network (SKL) Buy Zone -------------------- BIAS Long-Term : Bullish Risk : Low With a low of SKALE Network has just retested one of our deepest mid term support zone at lower entry where buyers prevented it from going any lower. -------------------- $SKL/USDT SPOT SETUP Entry Price : 0.194 - 0.207 TP 1 : 0.2175 TP 2 : 0.2315 TP 3 : 0.2515 TP 4 : 0.2828 TP 5 : 0.316 TP 6 : 0.367 TP 7 : 0.3888 TP 8 : 0.437 Stop Loss : 0.165 *Stop Loss - SKL daily close below 0.165 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
4
🆓SKALE Network (SKL) Dec-9 #SKL $SKL . 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 0.2$ zone 🔴Buy : 0.2 🔴Sell : 0.26 - 0.3 - 0.4 📈BLUE PLAN ♻️Condition : If 1-Day closes BELOW 0.2$ zone 🔵Sell : 0.2 🔵Buy : 0.16 - 0.14 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
🚇SKL is approaching strong resistanceOver 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
Long
by V0VOLAN