SKL
SKLUSDT the trendline is bearishas you can see for the plotted brush marks the trend tends to be bearish and succeeded to break the supports so it s going to be bearish for now ELSE the bulls get the power and inject huge amount of money into it (which is unlikely so as the BTC is giving more profit for now and its December so most companies withdraw money)
this chart was asked in custom *
SKLUSDT - Potential breakdown 🔽SKLUSDT is printing a descending triangle pattern on the 2H timeframe.
Sell entry ⬇️ - breakdown below the descending triangle horizontal support.
Target 🎯 - fibonacci extension levels / projected descending channel support.
Setup invalidation ❌ - breakout above the descending triangle inclined resistance.
SKL 6h Several scenarios for the SKALE price movement SKALE is a Proof-of-Stake consensus network with the ability to process thousands of transactions per second and low fees. It is compatible with the Ethereum blockchain and will take some of the load off it. Representatives of the DeFi sector are also interested in cooperation with the project. They chose either a hype or an actual direction for the project development.
The project is young, there is no trading history, so one can only suppose and fantasize about the SKL token
future price movement.
Most likely, the near future of the SKLUSDT price will be decided around the level of $0.122.
An increased volumes of purchases and the SKL price will be able to make a low x2 to the zone of $0.25.
What happen if the negative trading delta continues to dominate, as it is now? Then, first we will see the price of $0.099 or maybe below $0.087.
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Airlines Ticket to ride, pick your pricepointIt is ovious that this sector is heating up. Loads of bodies of their books, delincuent uncolectable debt. costly SLA fines waved, and cancelled plane orders with no penalties, on top of it loads of stimulous coming their way. The institutional buyers are shameleslly creating this pattern and its about to break. Lets take AAL as an example" Could it consolidate before it jump? Yes, but the top of the corridor is around the 15 dollar area so the run up its likely. I would enter this trades with tight stops, no point on giving away money, and a core position with a wider stop. The corridor goes from 11ish to 15iah, once it breaks its gonna be very very bullish. The hole point of this post is to direct your attention to the sector and evaluate trading oportunities we all profit from.
Important:
Amplitude for day trading : THis stock is more of a Swing trading stock but if you want to daytrade it, you need at least 100 shares as you have an amplitude or intraday tradable variance of 40 cents to a dolar. Anything below that would be hard to enter and exit...Size it for the amplitude.
Just a thought....
Good luck.