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SKLUSD

SKL - BREAKOUT IMMINENTCOINBASE:SKLUSD Have a big SKL position again after seeing FIB retracement levels hold very nicely at .58 and .62 with lots of buyers at these levels. I'm personally seeing the 75cent level of resistance break very quickly once we break out from the downtrendline. This is barring any breakdown from BTC which would obviously throw things off if it happens (knocks on wood). Not all that worried about that happening right now though because I'm also bullish on BTC again after its been overshadowed by ETH and BTC Cash the past week. BTC's been trading sideways for the past month and I think we could at least retest the 65k ATH soon. There's a potential to go back down to .58 but at this point the setup is too good to not be long IMO. Hopefully I'll see you guys at $0.85+ again very shortly :)
COINBASE:SKLUSDLong
by CaffeinatedCryptoo
5
SKL short-term break downwardI few days ago I published how a potential breakout might be occurring soon with regard to SKL on the daily chart, but I just wanted to update that there is now a potential short-term break downward instead after revisiting the 4-hour chart. It looks like after the dip from what looks to be a fake out from the other day, a bearish ascending broadening wedge formed instead (red dotted lines) that now looks to be starting to break downward. There looks to be a bit of resistance at the base of the current descending wedge (bottom red dotted line), but there is potential for a bit more of a dip against BTC in the short term, particularly if further BTC drops persist. And of course, this is not meant as financial advice and is just my opinion, but please like or comment if you agree or see anything differently.
by crypto_trends
SKALE - Waiting for an OpportunityBINANCE:SKLUSD Been tracking this project for a while now. Its been hammered harder than other small cap alts and admittedly I got in with a position at a higher than optimal price point at around $0.72. Using Binance chart because there's a longer price history. In the next week, I'm leaning towards another BTC drop to $48-50k in the least with a potential heavier drop to $40k, both cases in which will lead to a drop in alts obviously. If BTC drops to $40k (200 EMA Daily) I expect SKL to get hit hard and drop to $0.38. If BTC drops to $50k (100 EMA Daily) and bounces from there I would buy in at around $0.50 for SKL. In both cases I'll be watching and buying more and more as it drops. TPs would be $0.68, $0.83, $1.
BINANCE:SKLUSD
by CaffeinatedCryptoo
12