SKLUSD
SKLUSD: 4H Watch for another attempted breakout of triangle As above.
Watching possible attempt at another breakout for SKL in the short term.
Good luck traders!
Good Sign of VolumeSkale has been the main crypto I’ve been focusing on lately if you follow my ideas. I’m excited by this volume right now. On the 4 Hour, we are seeing a very nice spike. We are within the handle of a small cup and handle and we could see a big breakout within the next few days (if Bitcoin behaves).
SO THE JOURNEY BEGINS! SKL IS BACK!MAs are perfectly lined up to support a massive upswing.
SKL has explored lows like no other. Enough is enough!
A double bottom formation spells positivity.
MACD is back up to create the right setup.
RSI is poised to move into upswing territory.
Buckle up folks! Buckle up!
A Beautiful Bullish DivergenceOn the 4 Hourly chart, we have created a bullish divergence on the RSI. We have had a nice ABC correction after a nice pump and I now expect us to continue pumping and break out of this falling wedge. That lower 60 cent area would have been a great entry zone for anyone new to Skale. I have a good feeling about this coin.
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.
Reverse Head and Shoulders, Long!!!Charts look good for a reversal to the up trend, am still long and am expecting SKL to potentially double in the next few months.
SKL/BTC BreakoutSKL/BTC has been outperforming its USD and USDT counterparts. We look to be breaking out of our falling wedge, and if we can retest these levels as support, we may achieve liftoff.
Can SKL continue this parabolic trend line?On a log scale, Skale has a very distinct upward trend line. If it continues to hold, which it has for all of 2021 so far, we could see somewhere north of $3 by September. Also, we have a massive bullish divergence on the daily RSI, which is shown by that black dashed line. We are in a pretty big bull flag // descending wedge. If we breakout of it soon, we might see $1+ by June.
Is a Breakout Imminent for Skale? I’d say that we should see a breakout before May 12th. My target price is around $1.70. I will be watching closely when we retest the $.77 and $1 as we could get rejected at either of those zones. Good luck all.
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.
SKLUSD: 4H watching possible double bottom reversalAs above.
Would like to see continuation above the 0.68 and then 0.73 levels to confirm trend reversal.
WATCH for BTC crash again thought that might foil any ALT plans!
SKLUSDT (21.04.2021)On the 1D chart, the price found support at $ 0.5, forming a false breakdown downward.
At the moment, an initial growth impulse has been formed on the H4 chart, where the price has already crossed the downtrend line.
We recommend buying SKLUSDT in order to hold a long position to the $ 0.93 level and with a stop loss at the local level for the H4 chart.
SKLUSD - not all is lost, have patienceSKL has seen better days and so has crypto, with that being said, give SKL a few days to a week and we should move towards the top of the channel
not trading advice
tg
SKLUSD: 1D looking very promisingAs above...
SKL is chugging along with previous good support at mid 0.60 to low 0.7 and in a current uptrend.
Need to overcome resistance at low 0.8 and 0.9 next and then look for continuation to $1 and above if breaks out of triangle!
Will need continued increase in volume.. release the ALT bulls in please!!!
Good luck traders!
SKLSKL looks like a good project therefore I started to watch it. If it breaks the triangle first targets: $1.42, $1.67
SKLUSDT Long Term PredictionYou can LOSE >%40 of your money. Please be careful and this is NOT a financial/investment advice.
skl breaks the triangle upwardSKL does a good break out and triangle broken upward, so I expect to touch the Target I signed In the chart!
Wish you enjoy
SKL IS READY TO MAKE ITS PRESENCE KNOWN! NOT "IF" BUT "WHEN"!Altseason is on the horizon, and SKL will be a stellar figure! MA30 is a solid wall of support!
