SKLUSDT
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.
SKLUSDTHello to you all. Mars Signals team wishes you high profits at all times.
If we break the resistance line, we will start trading for the above goals
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Expect a retest of 75 centsSkale has broken the handle of this small cup and handle and will very likely retest recent highs. Anyone else excited?
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.
SKLThinking this because the LTFs look a little extended, but weekly still strong AF my tp remains $1.24-$1.60 moon shot above $2
SKL long term after break the triangle and POCBetter to wait after break that strong resist of triangle, and get over the POC and confirm it as a support
Sklusdt beautiful Fib and Breakout ExpectedSklusdt is currently in a downtrend channel 🔻which hasn't broken yet and lying in 0.7 fib level. If this coin breaks the downtrend we will be entered in 0.618 fib level which is the important level in fibs. Here we have 0.618 fib as well as breakout 👌 the channel so after that it is likely it will break the resistance 🔥as well. After resistance breaks enter in it with a long/buy position and we will get a nice profitable trade 🤑💵💰🚀
Let me know your ideas 💡 in comments
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Thanks
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.
SKLUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour timeframe. Those who have this currency can make a profit on the ceiling of the save channel, and if the channel stabilizes above, they can start buying for high targets.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
