SKLUSDT
Bullish SKL 6X by end of JuneFrom technical perspective once SKL break the flag we should be getting into bull run with SKL.
Furthermore expecting bull run of more than 6X for SKL from fundamental perspective.
💡SKL: BUY Trade🚀🚀🚀🚀🚀🚀 #ALTSEASON2021📈#SKLUSDT
➡️Entry: 0.53$
🎯Target 1: 0.71$
🎯Target 2: 0.90$
🎯Target 3: 1.35$
Cross on the Daily Stochastic RSII’ve been bullish for awhile on this coin. I feel pretty confident in saying we will see a breakout by May 26th which subsequently is my birthday. So don’t disappoint me SKL lol. Will be watching for resistance at 85 cents.
IF YOU'VE LOST CONFIDENCE IN SKL, BEAR WITH IT!Bullishness is still in the air regarding SKL.
This massive descending wedge is still true.
Hodlers will see the fruits of their patience.
Rash and confused investors will pay a heavy price. I won't sell a single SKL coin. It won't be long you'll see why.
1.2 - 1.5 is still my target FOR NOW. I might modify upwards!
Long SKL/USDT SKALE has pulled back enough for an entry, IMO it looks good while above support around 0.475 and has also been consolidating for over 3 months. Good project with good financial backers. Looking for a long term breakout above 0.7 as long as $ALTPERP keeps moving up and $BTC Behaves.
And now we pump!We got the dump out of the way. I’m not surprised we hit the 50 cents zone but we are way oversold now and should be pumping very soon. Look at what’s happened every time we’ve been this low on the 4-hour time frame. Who’s ready for a break out???
This is the death of the SKL coin...Sadly.. it's dead now.. drop til the ultimate lowest level while other alt coins are still able to maintain. I've lost so much money here
Skale on the WeeklyWe’ve had a lot of buying and support around the 60 cent zone. All indicators are pointing up. I’m expecting a fun next few weeks. If BTC continues its recovery, SKL can make a run.
$SKLAnother one sat in a bull flag with months of consolidation behind it , currently flirting with the 200 and 20 EMA cross , small pull back followed by strong upside predicted.
SKL IS LOADING UPWe are riding a massive descending channel, which is a bullish sign.
We are also riding a smaller descending channel, which again is a bullish sign.
MA50 and EMA50 are strong support factors.
If conquered, MA100 could be a major support. In that case, the possibility of a golden cross will bring hope. (I have not included MA30 because price action history shows it is not a formidable resistance)
We have a strong rising trend line which could act as a solid wall of support.
Also, in the 8H timeframe, we could be witnessing the completion of a "W". If completed, breakout will be the net result. (Caution: This is only a possibility)
In the weekly timeframe, we have had a decent corrective trend.
in the monthly timeframe, after the massive upswing we can witness, there has been a correction that happened last month. The correction extended to the 0.382, meaning a deep correction, and managed to close the body above the 0.5 FIB extension which is a good sign. The correction has been healthy and needed to grab liquidity to scale higher.
If you're hodler, your targets to sell could be 1.8 or 2.2. However, if you're seeking mid-term gains, your targets could be 1.03 and 1.2.
Any day now...Once Skale breaks out of this cup and handle within this falling wedge and retests it as support, we should see some very nice gains. Don’t grow impatient grow your money.
SKLUSDT (SKALE NETWORK) - BULLISH SETUP ANALYSIS 🔎
- SKLUSDT is on a mid-term uptrend supported by the ascending trendline support.
- The market hit a swing high and retraced.
- Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at this zone.
- The retracement is resisted by the descending trendline resistance.
- Breakout above this descending trendline resistance could be an uptrend continuation signal.
BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.
- Retest of the descending trendline resistance after the breakout.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the ascending trendline support.
