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SKL

SKL (Double Bottom) Welfare Chart Wednesday 50% spot tradeHello Traders, Here is another coin that we have picked out that looks to be broken out of structure. The RSI and MACD looks to be ready to move on higher time frames. This is part of out Educational Welfare Chart Wednesdays to help traders new and old find some coins quickly and easily that have or are about to break out while other coins have already ran. Learn about SKALE below SKALE Network (SKL) - Scalable, Decentralized, and High-Performance Blockchain Infrastructure Overview: The SKALE Network is a high-performance, decentralized layer-2 scaling solution for Ethereum that aims to overcome the limitations of blockchain scalability, speed, and cost. By utilizing a unique approach to scaling, SKALE enables the creation of elastic blockchains—customizable chains that can be fine-tuned to meet the specific needs of decentralized applications (dApps) and services. SKALE’s primary goal is to provide a scalable, secure, and flexible infrastructure for developers, enabling Ethereum to handle the growing demand of decentralized finance (DeFi), NFTs, gaming, and other Web3 use cases. The SKL token is the native utility token of the SKALE network. It is used for staking, governance, and securing the network, making it a vital part of the ecosystem. SKALE's novel approach to scalability ensures that developers and enterprises can build applications that are both fast and cost-efficient while maintaining the security and decentralization of the Ethereum network. What Makes SKALE Unique? SKALE distinguishes itself by offering a highly scalable blockchain architecture that is fully compatible with Ethereum. Unlike traditional blockchains that face congestion and high gas fees during periods of high demand, SKALE leverages elastic sidechains to provide virtually unlimited scalability without compromising on speed or security. The key features of SKALE that set it apart from other blockchain scalability solutions include: Elastic Sidechains: SKALE allows for the creation of customized sidechains that can scale independently based on demand. This allows dApps to avoid congestion on Ethereum's mainnet and operate with reduced transaction costs while benefiting from Ethereum's security. High Throughput & Low Latency: SKALE can process thousands of transactions per second (TPS) on its elastic chains, providing low-latency and high-throughput solutions for developers looking to create responsive and scalable dApps. EVM Compatibility: SKALE is fully compatible with Ethereum’s Ethereum Virtual Machine (EVM), allowing developers to use familiar tools, languages, and frameworks (like Solidity) to deploy their applications on SKALE’s sidechains without requiring complex modifications. Cost-Efficiency: Through its elastic chain structure, SKALE significantly reduces the cost of running decentralized applications. This makes it an attractive solution for both developers and users, especially as demand for Ethereum-based dApps continues to rise. Security and Decentralization: SKALE’s consensus mechanism, Proof-of-Authorization (PoA), ensures both high security and decentralization, providing a secure and robust network environment for decentralized applications to thrive. The Investment Case for SKL As Ethereum continues to be the backbone of the decentralized economy, scalability remains one of the biggest challenges faced by the network. With Ethereum’s growing popularity, high gas fees and slow transaction speeds have become a bottleneck for decentralized applications and financial services. SKALE offers a compelling solution to this problem by enabling projects to scale without sacrificing decentralization or security. Why SKALE is a Strong Investment Opportunity: Scalability as a Key Trend: As demand for decentralized applications (dApps), NFTs, and DeFi platforms continues to surge, the need for scalable infrastructure has never been greater. SKALE’s ability to scale Ethereum's capabilities through its elastic sidechains addresses a critical pain point in the blockchain space, positioning it as a valuable player in the future of Web3. Rising Demand for Ethereum Alternatives: With Ethereum's gas fees and congestion issues, more developers and businesses are exploring Ethereum-compatible Layer-2 solutions like SKALE. This growing shift towards Layer-2 protocols increases the utility and demand for SKL tokens, as they are essential for staking, securing the network, and participating in governance. Partnerships and Adoption: SKALE has forged strategic partnerships with top-tier projects in the Ethereum ecosystem, which increases its visibility and adoption. As more projects deploy on the SKALE network, SKL’s value proposition strengthens. Governance and Token Utility: SKL token holders have governance rights within the SKALE ecosystem, allowing them to vote on protocol upgrades and important decisions. Additionally, SKL tokens are used for staking, securing the network, and providing incentives for validators, making them essential to the functionality of the SKALE network. Expanding Ecosystem: With growing developer adoption and a robust ecosystem of decentralized applications (dApps) being built on the SKALE network, the SKL token is poised to become an integral part of the expanding DeFi and Web3 sectors. A Brief History of SKALE SKALE was launched in 2018 with the vision of addressing the scalability issues that have plagued Ethereum and other blockchain networks. The project is backed by a team of experienced blockchain developers, including Jack O’Holleran and Stan Kladko, who previously worked on other successful blockchain projects. The SKALE mainnet went live in 2021, and since then, the network has gained significant traction, attracting both developers and enterprises looking to build scalable decentralized applications. SKALE’s elastic sidechains have allowed developers to deploy fast, low-cost dApps, gaining attention in the growing Layer-2 ecosystem. The SKL token has experienced a number of key milestones, including: 2020: SKALE raised $17.8 million in its Series A funding round, which helped accelerate the development of its scalable network. 2021: The SKALE network went live, and developers began to integrate the platform for Ethereum scalability solutions. 2023: The SKALE ecosystem continues to expand, with more developers deploying applications, and increased integration into DeFi and NFT projects. With its innovative approach to scaling Ethereum, SKALE is poised to play an essential role in the future of the blockchain industry, especially as demand for blockchain applications continues to grow. Why SKALE (SKL) is a Strong Investment The scalability challenge in blockchain has been a significant bottleneck for Ethereum and many other blockchain networks. SKALE offers a solution by providing an easy-to-deploy, scalable infrastructure that preserves Ethereum's security while significantly lowering transaction costs. As the demand for decentralized applications (dApps), DeFi, and NFTs continues to grow, solutions like SKALE are expected to become critical components of the blockchain ecosystem. SKL tokens offer a compelling investment opportunity for those looking to gain exposure to one of the most promising Layer-2 scaling solutions in the blockchain space. With its combination of scalability, low fees, and strong Ethereum compatibility, SKALE is positioned to play a pivotal role in the future of decentralized technologies. Helpful Links Coin Market Cap coinmarketcap.com White Paper skale.space Stay Profitable my Friends, Savvy
Long
by Crypto_Kinfolk
#SKL (SPOT) IN ( 0.03050- 0.04150) T. (0.11300) SL(0.02969)BINANCE:SKLUSDT entry range ( 0.03050- 0.04150) Target1 (0.06000) - Target2 (0.07100)- Target3 (0.11300) SL .1D close below (0.02969) ______________________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts www.tradingview.com 1Million Journey www.tradingview.com www.tradingview.com ********************************************************************************************************************** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL .
Long
by Crypto_alphabit
2
Alikze »» SKL | Wave 3 or rising C scenario - 1W🔍 Technical analysis: Wave 3 or rising C scenario News: SKALE to Participate in Sawadee Web3 Gaming in Bangkok on November 12th - It is moving in an upward channel in the weekly time frame. - It is currently in the Support Zone with the formation of a higher floor. -The previous corrective wave has completed a full cycle in the Support Zone. 💎 Considering that the previous correction wave corrected the previous wave by 0.23 fibo and a higher floor was formed, if the candlestick is confirmed in the weekly time frame, it can enter the broken structure first by breaking the trigger line and then pullback. Ascending phase. 💎Therefore, if there is no stabilization below the area, the scenario of wave 3 or rising C with the specified targets will be accessible. ⚠️ In addition, if the Support Zone or Fibo 0.23 of the previous wave is broken, the bullish scenario will be invalidated. ⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:SKLUSDT
Long
by alikze
SKL Trying to find supportChart Request on today's show Recommend waiting for a GREEN 4hr candle to close above 0.03850 before entering Small Market Cap 213M AI / Layer 2 / Gaming looks like price action wants to hold support at current level but remember to be patient very tight stop loss incase price retraces a significant amount if price breaks below 0.03850 then set alert at 0.04038 and follow recommendations ( on chart ) Not Financial Advise - Entertainment Purpose Only
Long
by TradeIntuition
#SKL/USDT#SKL The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern We have a bounce from a major support area in green at 0.03500 We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, upon which the price is based higher at the discount Entry price is 0.04100 The first target is 0.04600 The second target is 0.05450 The third goal is 0.06670
Long
by CryptoAnalystSignal
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
SKL/USDT In the critical support area, possible to bounce here!💎 Paradisers, #SKL is indeed a coin worth monitoring closely. 💎 It rests on a crucial support area and needs to bounce from here to sustain its upward movement. If the bounce proves successful, SKL may retest the resistance around $0.104. 💎 This level holds significant importance as a confirmation point for the bullish trend. Breaking above this resistance is essential for SKL to continue its upward trajectory. 💎 However, if SKL fails to break above the resistance and faces rejection, it could retreat back to the support area. Multiple touches on the support area may weaken its strength over time, posing a potential concern for the bullish scenario. 💎 If SKL fails to bounce from the support area and breaks below it, it may descend towards the demand area around $0.05. This level is critical, and a bounce from here, coupled with a reclaiming of the support area, would be necessary for SKL to maintain its upward momentum. 💎 The bullish invalidation would occur if SKL fails to bounce from the demand area and confirms a daily candle close below it. Such a development would signal a shift towards bearish sentiment and could lead to further price declines.   MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
3
GameFi, Blockchain games, Top projectsGameFi GameFi is a combination of gaming and decentralized finance that combines blockchain technology, NFT (non-flammable tokens), DeFi (decentralized finance), and the play-to-earn (P2E) model to create a unique gaming experience. This innovative approach lets players enjoy the game and earn real money through in-game actions and assets. At its core, GameFi uses blockchain technology to create decentralized gaming platforms where players have full ownership and control over their in-game assets. These assets, often represented as NFTs, can be exchanged or sold on NFT trading platforms, allowing players to monetize their gaming experience. DeFi is essential in GameFi by offering various financial services in the game ecosystem. Players can farm, bet, and provide liquidity, generating passive income while participating in the game. The P2E model is a critical component of GameFi as it allows players to earn cryptocurrency or NFT by completing tasks, competing with other players, and advancing in the game. This model can potentially revolutionize the gaming industry by incentivizing players to invest time and effort into their gaming experience. GameFi projects often combine elements from different sectors of the cryptocurrency space, including tokens, DeFi, NFT, and the meta-universe, to create an immersive and rewarding gaming environment. An example of how the economy works in GameFi through smart contracts: The History and Evolution of GameFi The history and evolution of GameFi is a fascinating journey marked by the innovation, growth, and merger of the gaming industry and decentralized finance. GameFi has seen significant milestones and key events that have shaped the industry from its inception to its current state. In the early days of GameFi, projects such as Axie Infinity and CryptoKitties introduced the concept of play-to-earn (P2E) games, where players could earn cryptocurrency by playing games and participating in the in-game economy. This was a revolutionary development as it allowed players to monetize their gaming experience in previously impossible ways. GameFi's development was also marked by introducing various innovative concepts and technologies. For example, integrating NFTs (non-game tokens) allowed players to own their in-game assets and trade them on NFT trading platforms. This added a new value and utility to the game as players could now buy, sell, and trade unique digital assets. Another significant milestone for GameFi was the development of DeFi (decentralized finance) protocols in gaming ecosystems. This allowed players to farm, bet, and provide liquidity, providing new ways to generate passive income while playing. The "play-and-own" concept was also a critical development in GameFi, shifting the focus from just playing the game to owning and managing in-game assets. This has created a more engaging and rewarding gaming experience, where players play a more active role in the life and development of the games they play. Notable projects such as Legend of Arcadia, Panzerdogs, and CREO Engine have significantly shaped the GameFi industry. They have introduced innovations, partnerships, and technical advances that have pushed the boundaries of what is possible in gaming and decentralized finance. As GameFi continues to evolve, it faces challenges and growth hurdles, such as regulatory uncertainty and the need for more precise rules in the crypto-gaming space. However, the industry is also experiencing exciting developments, such as the integration of artificial intelligence, scalable second-tier solutions, and the emergence of new game genres. GameFi market today The GameFi market is experiencing significant growth and development as the number of active players and games continues to increase. In December 2023, there were more than 1 million active players in the GameFi sector. By April 2024, the number had grown to 3 million, representing a 300 percent growth in active users from 2023 to 2024. This indicates a rapidly growing and engaging market with a projected increase in market size due to this user engagement trend! The GameFi sector had a market capitalization of $20.66 billion. The market shows a diverse landscape in terms of user distribution across platforms and networks. For example, active games with the highest number of users in recent weeks include Sunflower Land ( NSE:SFL ), SecondLive ( NASDAQ:LIVE ), Planetix ($IXT), MOBOX ( AMEX:MBOX ), Tower Token ($TOWER), Crypto Unicorns ( LSE:RBW ), and others. This wide range of active games across multiple platforms and networks indicates a healthy and competitive marketplace where users participate in different games and have different experiences. Technology and tokenomics of GameFi projects The technology and tokenomics behind GameFi projects are primarily driven by integrating blockchain, NFTs (non-gaming tokens), and smart contracts. This combination creates unique gaming experiences and economic incentives, revolutionizing the gaming industry. Blockchain technology is the foundation of GameFi projects. It is a decentralized and distributed digital ledger that records transactions across multiple computers, providing transparency and security. This technology eliminates the need for intermediaries and central authorities, allowing players to own and control their in-game assets fully. Using blockchain in games also enables cross-game interoperability, where players can transfer assets from one game to another. NFTs play an essential role in GameFi by representing unique in-game assets such as characters, weapons, and lands. Unlike fungible tokens such as Bitcoin or Ethereum, NFTs are unique and cannot be replicated, making them valuable and collectible. Thus, players gain ownership of their assets, which can be traded on NFT trading platforms. The value of NFTs can increase depending on their rarity and usefulness in the game, creating economic incentives for players. Smart contracts - self-executing contracts whose terms are written directly into the code - allow you to automate various in-game processes. For example, smart contracts can create an in-game economy, manage assets, and reward players for completing tasks or participating in events. This enhances the game experience by providing players with a transparent and secure environment for economic activity. Tokenomics, or the economic model of a GameFi project, is another crucial aspect of these projects. It involves creating and distributing tokens within the game ecosystem that can be used for various purposes, such as purchasing in-game items, bidding for rewards, or participating in management decisions. Tokenomics design plays a crucial role in incentivizing player participation and maintaining the long-term sustainability of the gaming economy. The combination of blockchain, NFT, and smart contracts in GameFi projects creates a new paradigm in the gaming industry where players have full ownership and control over their in-game assets, and economic incentives are integrated into the gameplay. This enhances the gaming experience and lets players earn real money for their in-game actions. Gaming blockchains Integrating blockchain technology into the gaming industry, known as GameFi, has revolutionized how players interact and how they are rewarded for playing time or achievements. The gaming industry has blockchains such as SKL, WAX, PORTAL, and VANRY. These are the leading gaming blockchains, each unique product with advantages and vast opportunities in the fast-growing GameFi sphere. SKL SKL is a blockchain designed to create high-performance dApps to provide zero-gas scaling for players and solve the problems of high transaction fees and slow transaction processing on the network. SKL allows developers to create unique games with instant transactions, which is a priority in game creation, as well as correct operation of smart contracts and improving the quality of gameplay through the speed of the exchange processes and receiving game objects in the game. WAX WAX is a specially designed blockchain for trading virtual items and digital collectibles, making it a popular and high priority for developers to create blockchain games and NFT markets. The WAX protocol allows in-game objects to be created, bought, and sold, providing a seamless way for gamers to monetize their gaming activity. In addition, WAX can interact with the Binance Smart Chain, making it possible to transfer NFTs between players on different blockchains. PORTAL PORTAL is a cross-chain gaming system that connects all games into a single WEB3 network and establishes a connection between blockchains. PORTAL is designed to simplify moving players between games using a single account, making the platform convenient and exclusive. The problem that this project addresses is the barriers related to the fragmentation of gaming ecosystems. VANRY Vanar Chain is a blockchain ecosystem designed explicitly for the games industry and intended to provide developers with tools and modules to facilitate the transition of games to Web3. A key feature of VANRY is its focus on direct integration with blockchain, which was a crucial factor in attracting Google Cloud. This capability allows established brands to master Web3 efficiently. The Vanar Chain ecosystem is also supported by NVIDIA, Phoenix Grounds Studio, and Revolut. Promising projects in GameFi: Mavia The Heroes of Mavia project is a blockchain-based strategy game that allows players to compete in battles for cryptocurrency rewards while developing and improving their bases worldwide. Service Studios developed the game, which is set on an exceptionally designed island called Mavia. One of the critical aspects of Heroes of Mavia is the ability to earn natural financial resources, mainly through the use of a cryptocurrency called Ruby. Players can collect Ruby and other valuable resources, such as Gold and Oil, which are essential to the gameplay. Integrating blockchain and Play-to-Earn (P2E) mechanics creates new opportunities for players to enjoy their favorite game and earn additional income. An NFT trading option also allows players to buy, sell, and exchange game assets such as Land, Heroes, and Statues. In addition, Heroes of Mavia is backed by Binance Labs, confirming the project's potential and prospects in the GameFi sector. According to the vesting, most of the coins are still unlocked, and full unlocking for all users will come in November 2029. After researching the blockchain, 85.59% of the coins are locked and waiting to be unlocked in the wallets of investors, team members, and enablers. This implies that the project is focused on long-term investing, and investment funds will pump up the price closer to their full unlocks! Overall, Heroes of Mavia is an innovative GameFi project that combines exciting gameplay, the ability to earn natural financial resources, and integration with blockchain to attract the attention of players and investors. Shrap Shrap is the first innovative blockchain-enabled FPS (First-Person Shooter) game developed on the Avalanche blockchain. The game allows players to buy, sell, and trade digital assets, including in-game items and characters. Shrap has caught the attention of investors and players due to its unique concept that combines elements of a classic FPS with blockchain capabilities. Players can earn rewards for participating in various in-game events and contests, allowing them to increase the value of their digital assets. Sharp also allows users to create and sell user-generated content, which opens up new opportunities for players to express themselves creatively and create a sustainable economy within the game. Shrap has successfully raised $37.5M in funding, which confirms investors' interest in promising GameFi projects. Over the past week, Wintermute has become more active and has started funding its own wallets on exchanges. This is a direct sign of the upward movement that will be provided by its software to manage the coin's market price! It is currently a great price to buy with the expectation of a long-term investment. Karate Project Karate is a groundbreaking platform that combines full-contact karate with CGI and Epic Games' Unreal Engine. It gathers top athletes, including Olympic medalists and national champions, who compete in various weight classes. Karate Combat uses blockchain technology to create a secure and innovative asset management and decision-making system. Users can earn rewards by playing various karate-related games and completing in-game challenges. Within the game, the voting system allows one to earn and manage digital assets using the $KARATE cryptocurrency and influence the project's development. Karate is also getting ready to move up soon. According to the latest significant transactions, Wintermute has received a sufficient portion to manage the price. It is also worth noting that the project team and their investors have more than 90% of the momentum issue concentrated on their asset wallets. This will make it relatively easy to manage the price of the coin! Karate Combat successfully fuses sports and entertainment with blockchain, creating new opportunities for interaction between athletes, fans, and investors. Now is a good opportunity to buy this asset, as investors, enablers, and the team will add even more assets to their wallets and try their best to pump up the price for their future unlocks. GMEE GMEE is part of Animoca Brands, a major player in the blockchain-based gaming industry. It is backed by Binance Labs, which gives the project significant credibility. GMEE is a token to access and manage an entire gaming platform aimed at merging the world of gaming and decentralized finance (DeFi). It runs on a blockchain that allows players to earn, trade, and own digital assets with real value in a decentralized and more democratic manner. One of the critical aspects of GMEE is its integration with the Telegram platform, making it the first Telegram Gamefi token. This allows for a large and active user base of over 1 million daily active users, which is a testament to the popularity and growth potential of the project. The fact that GMEE is Telegram's largest gaming community further emphasizes its importance in the GameFi space. In addition, GMEE aims to bring blockchain to millions of gamers through its mobile gaming platform. This approach makes blockchain technology more accessible to a broader audience, especially those new to cryptocurrencies and blockchain technology. By offering a seamless and convenient experience, GMEE can contribute to the mass adoption of blockchain gaming. GMEE is a significant player in the blockchain-based gaming industry, backed by reputable organizations and offering a unique and accessible gaming experience. Its focus on mobile gaming and integration with the Telegram platform sets it apart from other projects in this field. Investors also have a large amount of circulating issuance, allowing them to manage the asset's price easily. The end of unlockings is coming in March 2025, just as we approach the top of the bull cycle (September 2025). It is worth considering for investment for no more than one year. Conclusion The GameFi market is projected to grow from $12.8 billion in 2023 to $126.3 billion by 2032 at % compound annual growth rate (CAGR) of 29.0%. This growth is attributed to the growing adoption of blockchain technology and increasing interest in blockchain-based games. Despite a decline in the number of new Web3-based game launches in 2023 compared to previous years, the market still shows high interest in blockchain-based game development, indicating a bright future for the sector. Advancements in blockchain technology are expected to address scalability and efficiency issues, making GameFi platforms more accessible and user-friendly. The emergence of Layer 2 and Layer 3 solutions such as Polygon and Immutable X indicates a growing trend to improve user experience and attract more users from Web 2 games to Web 3 games. Moreover, the future of GameFi is characterized by a potential increase in institutional interest and the entry of established gaming giants into this space. This may lead to more complex games with better gameplay and sustainable economic models. Nevertheless, challenges remain, such as the need to balance economic incentives and engaging gameplay and the ongoing problem of market volatility. Despite these challenges, GameFi's future looks promising, and significant growth and transformation are expected. Best regards EXCAVO
Editors' picks
Long
by EXCAVO
22
SKL/USDT is at a Make or Break Situation | Correction Ahead 👀💎Paradisers, #SKL is gearing up to retest its ascending support and we're expecting a potential correction. 💎If it drops below, we'll seek a retest to confirm bearish momentum before making our next move. Observations show #Skale charting lower highs and lower lows coupled with decreasing volume hinting at a loss of momentum. If #SKL maintains support at $0.071 yet continue its downward trajectory, we anticipate hitting the projected support zone at $0.0519 next. 💎Conversely, if #SKLUSDT holds its support and swings back into the channel, it may suggest a bullish counter attempt. In this case, the price could ascend towards the significant resistance at $0.091. 💎 LSE:SKL will face strong selling pressure and rebound strongly from such levels. If this resilience persists, a robust recovery might be in play. Yet, a decisive candle close above this resistance would counter the bearish narrative and point towards a potential bullish turnaround.
Short
by MyCryptoParadise
2
SKL/USDT it required to break the resistance to continue upward!💎 Paradisers, the recent market movements of #SKL have caught our attention. Currently, SKL is encountering resistance, with a breakout needed to reignite upward momentum. 💎 A successful breakout could propel SKL towards our target area within the supply zone. 💎 However, if SKL faces rejection at this resistance level, a retreat to test the support trendline is likely, creating new momentum. 💎 Should SKL fail to hold the support trendline and break below it, it would mark a significant shift in the bullish trend. Testing the Bullish OB area becomes crucial in such a scenario, as a bounce from here could reignite attempts to break above the resistance. 💎 However, a breakdown below the Bullish OB would confirm a bearish trend, potentially leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
SKL is bearish (1D)SKL's bullish Diametric seems to be over. Now we are at the end of the G wave of this diametric, which is the last wave of this diametric. We expect SKL bearish waves to start soon. We have two important targets on the chart. Closing a daily candle above the invalidation level will violate the analysis. 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
Short
by behdark
1
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
SKL - Saucer Pattern - Aliens are HereBINANCE:SKLUSDT (1D CHART) Technical Analysis Update SKL is currently trading at $0.08978 and showing overall bullish sentiment after forming saucer pattern As you can see in the chart, SKL formed saucer pattern previously and had a nice long trend after the pattern, Currently it formed the exact same pattern. We are expecting the price to move in the same way. We can enter a position at current price while keeping stop loss around the next weak support zone. Entry level: $ 0.08985 Stop loss level: $ 0.06945 Target 1: $ 0.09977 Target 2: $ 0.11238 Target 3: $ 0.13936 Target 4: $ 0.16924 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1
Alikze »» SKL | Pullback to broken structureIn the daily time, after the floor in the range of 0.019, it has entered a motivational upward phase, which is facing a correction with the failure of the dynamic trigger and the specified supply area, which is supported in the green box area where a break has occurred. It will grow up to the next supply area. Otherwise, it can continue up to the range of the dynamic correction trigger, which will make it difficult to continue the upward path. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
SKL-USD WEEKLY ADAM & EVE CONCEPTIn examining high timeframe setups for SKL on Coinbase, I was initially drawn to the notable trading volume, a key indicator of market interest and potential trend shifts. Upon further analysis, an Adam and Eve pattern emerged on the chart. This classic pattern in technical analysis signals a potential reversal from a downward to an upward trend. It features two parts: the Adam, a sharp and quick V-shaped bottom, and the Eve, a more gradual and rounded U-shaped bottom. The pattern's completion, indicated by a breakout above the resistance level, often suggests a bullish uptrend. For SKL/USD, applying this pattern involves measuring its depth and using this to project a price target from the breakout point. Importantly, on logarithmic charts, it's more effective to use percentage changes rather than absolute dollar values. This approach ensures consistency across different price levels and better aligns with the exponential nature of market movements. In the case of SKL/USD, if the Adam and Eve pattern is confirmed, we'd calculate the pattern's depth in percentage terms. This method offers a nuanced perspective, particularly important in logarithmic chart analysis. Our goal would be to apply this percentage change at the breakout level to determine a future price target. While I'm not claiming expert status, the current scenario suggests two possibilities for SKL/USD: (1) we teleport to the June 2021 Monthly Close over the next few weeks, or (2) we consolidate between $0.04 and $0.12 before (hopefully) pushing to the $0.23 to $0.24 level. I've personally been averaging into a position the last few weeks/months, but I'd like to get some thoughts from the community. What do you see? What am I missing? Always use stop losses! Not financial advice. Cheers :)
COINBASE:SKLUSD
by seaphoss
3
SKL/USDT Bullish Leap from Support Zone? 🚀SKL analysis💎 Paradisers, get ready for a lucrative trading chance with #SKLUSDT, firmly placed in a vital support zone and hinting at a possible bullish shift. 💎 As we explore #SKL's path, it's climbing from a key support level at $0.09818. Maintaining this momentum could highly increase the chances of a bullish journey, especially as we've observed resistance transforming into support, bolstering its upward potential. 💎 If the drive behind LSE:SKL starts to wane, anticipate a bullish resurgence from the steadfast support at $0.08170. Yet, a descent below this critical point may trigger a significant drop.
Long
by MyCryptoParadise
SKL/USDT Primed for a Bullish Trajectory? 👀🚀SKL Analysis💎Paradisers, let's explore the dynamics of #SKLUSDT, where the landscape is ripe for a potential bullish rebound from a pivotal support area. 💎Reviewing #SKALE's trading activity, we observe a profound 80% reduction from its top. Yet, the tenacity at the $0.06310 support level hints at the possibility of an ascending movement. 💎The challenge of reaching new heights or surpassing prior records has led to a prevailing bearish sentiment. Nevertheless, the crucial $0.06310 threshold for LSE:SKL is teetering on the edge of sparking a notable bullish shift upon another assessment. 💎With an eye towards adaptability, we've prepared a Plan B. If #SKL descends further from this foundational support, we anticipate a bullish revival initiating from the secondary support at $0.026. It's essential to recognize, however, that a breach below this point could indicate a prolonged bearish trend. 💎Keep your trading strategies flexible and your senses attuned to market fluctuations, Paradisers. Be reassured, the ParadiseTeam is vigilantly tracking these developments, poised to navigate you through the shifting financial terrains.
Long
by MyCryptoParadise_Simon