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SKL

🆓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 - SKL/BTC 4 - 10x incoming?BINANCE:SKLBTC is looking very bullish after closing the daily candle above a short term downtrend. 1. EMA20 crossing MA50 2. Close above short term downtrend and perfect retest 3. Triple bottom formed and getting confirmed currently 4. Price should minimum hit 740 sats which is level of MA200 5. SKL is one of the best technologies to achieve scalability for ETH ecosystem without compromising security. 6. As far as fundamental and technical analysis go SKL could hit top 30 in mcap which means potential beyond 10X, anything less and the project in undervaluated. We are highly bullish on this project. This is not financial advice. Happy trading.
Long
by YMX-Trader
1
🚇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
SKALE will likely pull a NuCypher any day nowI clearly see multiple whale addresses that are using their holdings to suppress price to get people to sell. I'm very confident that these whales are done accumulating (as a lot of retail holders have sold out of frustration from the long consolidation period). So, I think what we can expect is an insane breakout past .50, past $1, all way to $1.8 - $2.5. The order books on exchanges are setup to give the illusion that there is resistance (just like it was done with NuCypher). While I have nothing against VCs, this is literally the exact play the investors did with NU. Who are the VCs in SKALE? Arrington XRP Capital, Blockchange, ConsenSys Labs, Hashed, HashKey, Multicoin Capital, Recruit Holdings and Winklevoss Capital. There is big money here in SKL -- you think they put in capital for small gains? Nope -- it's all been a game before the real price comes overnight (closer to $1.8 in my opinion).
COINBASE:SKLUSDLong
by ValueCryptoTrades
4
SKLUSDT 4H long setup; Perfect W-formation neckline retestTA explained SKL formed a huge W-formation and retested the W-neckline on the pullback. Price is bouncing on the 4H 50 MA which also aligns with the Golden Pocket. Targets align with the extended fib levels calculated from the current pullback. Trade setup Best entries: 0.329910 - 0.345500 TP1: 0.45880 TP2: 0.53836 TP3: 0.62286 SL: 0.30903 RR: 10.11 Max leverage: 2 ————— MDSquared Crypto Lounge ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge