Get started

SKLUSD

SKLUSD 4H: Update....As above. Looks like SKLUSD broke out of down channel that started end of March and will probably correct down a little after last bump up to mid 0.7 level. BB starting to squeeze again on lower 4H and 2H time frames so some price action imminent and 4H MACD looking like like going down. Hopeful upper 0.6 price range will hold and then trade sideways again. If not, then down to low 0.6 to upper 0.5 support again. Really need to break out of that upper 0.75 resistance level and into mid 0.8 price range for continuation to test the $1 and above target. Volume still pretty low and breakout will not happen until major influx by bulls. I think overall, major selling pressure for SKL has subsided in the short term and hopefully looking for continued move upwards in the next few weeks especially of BTC dominance further decreases. As always, watch out for major BTC price action that may put a damper on ALTs! Good luck traders.
COINBASE:SKLUSD
by Ambassadorj
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
SKLUSD 4H: So far holding pattern with decent supportAs above. Looks like decent support in upper 0.6 to lower 0.7 range. Sideways movement with some consolidation occurring. BB looking like they are squeezing and could see some price action soon. Would like to see increased volume, MACD crossover 0 line, and with push over 0.82 and out of upper resistance trend line in both the big down channel and the sideways channel for continued uptrend. Watch that black circle area closely and if breaks out of this area, then good news for continued uptrend and towards mid to upper 0.8 and beyond. God luck traders!
COINBASE:SKLUSD
by Ambassadorj
SKLUSH 4H: Looks like finding support with sideways movementAs above. Finding some support at 0.72 with low volume and sideways movement. Had a spike over 1.0 through top trend line in this current channel but not sustained. Look for increased volume, MACD on 2H to turn positive, and would like to see it blast through resistance area in lower to mid 0.8 range for continuation up into at least 0.9 range. Would be very encouraging if breaks and sustains above 1.0 for moon shoot. If 0.72 support fails, then back down to lower 0.6 or 0.5 areas again. Will continue to watch. Good luck traders!!
COINBASE:SKLUSD
by Ambassadorj
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