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SKL

SKL ascending triangle potentialSKL looks to be continuing an ascending triangle pattern as I mentioned before. If the pattern continues, it looks like the next few days should be something to keep an eye out for a breakout potential around .85 with some resistance around the 38.2% Fibonacci retracement level. If that resistance does break (dashed red line), it looks like there is good potential toward the all-time high for SKL and potentially beyond over the next weeks/months. There is still some potential for a few dips here and there, but support so far has been strong (red bottom line). Looks like a fairly solid pattern to keep an eye on at least.
BINANCE:SKLUSDLong
by crypto_trends
Resistance support area of value on $SKL against $USDTPrice action has broken out as of April 5th with a pullback and retest of the bull flags upper trend line. At the moment price action is trading in the area of value where price has ranged for the most part since end of march. The area of value between 0,0726 and 0,0756 will require a move with volume to be broken as $SKL hasn't yet been able to leave the box. Once broken out look for a measured move anywhere between 60 and 80% yield in the course of the following days. Pressure building.
by AponSOKS1978
SKLUSDT (SKL) - BUY ENTRY ANALYSIS 🔎 - SKLUSDT is consolidating in the symmetrical triangle (ST) pattern. - Price is testing the symmetrical triangle's inclined support. - The minor downtrend was bounded in the falling wedge (FW) pattern. - Price brokeout above the falling wedge's resistance. - This is a bullish signal (bounce off the symmetrical triangle's inclined support). BUY ENTRY ⬆️ - Market price. TARGETS 🎯 - Symmetrical triangle's inclined resistance. SETUP INVALIDATION ❌ - Breakdown below the symmetrical triangle's inclined support.
Long
by Chibuike_Odoh
2
SKLUSDTHey. SKL had an amazing breakout as I said it will. I hope you opened that position and gained your profits already. But now it's getting rejected by the upper Bollinger Band and I don't see any safe positions for this coin for now. I'm publishing this idea to let you know that it's not a safe coin to trade right now. there are no valid data for how it's going to behave right now. Look for other coins. I know since it's the hottest coin on Binance right now some of you might FOMO, but don't. Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅
by ShawnMCR
7
SKL, continuation or retracement?SKALE had a really good day today but looks to have retraced back from the .236 Fibonacci retrace level from the previous dip back to the .382 Fibonacci level and potentially could be forming the upper part of a forming wedge (dashed red line). This leaves a couple of options still on the table from the looks of it. Option one is a continuation (which could easily be supported soon by MACD on the daily chart soon). However, there is also the possiblity that an ascending triangle could be starting (solid red lines) after which a small dip could occur over the next few days before heading up again (particularly if BTC dips), that is, assuming it doesn't continue downward beyond the bottom support (solid red line). There at least look to be a couple of options upward for SKL at least, so it should be interesting to see how it plays out over the next few days.
BINANCE:SKLUSDLong
by crypto_trends