SKLUSDT
SKLUSDT is in a Symmetrical triangleSKLUSDT is moving in a Symmetrical triangle, break out can make it Rough, a sharp Rise or Descent can happen.
SKL looking good for another leg upIt seems like it almost painted a bullish flag. I expect this to go on another run upside
SKLUSDT the trendline is bearishas you can see for the plotted brush marks the trend tends to be bearish and succeeded to break the supports so it s going to be bearish for now ELSE the bulls get the power and inject huge amount of money into it (which is unlikely so as the BTC is giving more profit for now and its December so most companies withdraw money)
this chart was asked in custom *
SKL/USDT (Bearish Triangle Pattern?)💎Technical Analysis Summary💎
BINANCE: SKLUSDT
-The price action is technically bearish for the last 7 days
-We can see a series of Lower Highs and flat area of support
-This is not a good sign, because this support becomes weaker over time
-Most of the time, this triangle breaks to the downside
-Please be cautious and always to follow your stop loss
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SKLUSDT - Potential breakdown 🔽SKLUSDT is printing a descending triangle pattern on the 2H timeframe.
Sell entry ⬇️ - breakdown below the descending triangle horizontal support.
Target 🎯 - fibonacci extension levels / projected descending channel support.
Setup invalidation ❌ - breakout above the descending triangle inclined resistance.
SKL/USDT P pattern is formed so stay tuned for fortuneSKLUSDT has formed a P pattern and it shows great bull power in the last 2 weeks so its most probable to stays bullish after the P pattern completed
SKL 6h Several scenarios for the SKALE price movement SKALE is a Proof-of-Stake consensus network with the ability to process thousands of transactions per second and low fees. It is compatible with the Ethereum blockchain and will take some of the load off it. Representatives of the DeFi sector are also interested in cooperation with the project. They chose either a hype or an actual direction for the project development.
The project is young, there is no trading history, so one can only suppose and fantasize about the SKL token
future price movement.
Most likely, the near future of the SKLUSDT price will be decided around the level of $0.122.
An increased volumes of purchases and the SKL price will be able to make a low x2 to the zone of $0.25.
What happen if the negative trading delta continues to dominate, as it is now? Then, first we will see the price of $0.099 or maybe below $0.087.
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Skale Resistance break | Swing Setupprice break the resistance and trading above it's good time to accumulate small amount of skale token around 0.14200 below
Buy : 0.14200
Stop : 0.11480
Target : 0.15 , 0.158 , 0.165 , 0.18 , 0.2
