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Sklusdtanalysis

SKL/USDT Triple Top Bearish Pattern! Back to the demand area.💎 SKL has recently exhibited notable market dynamics, experiencing rejection once again upon encountering strong resistance. 💎The chart pattern formed resembles a triple top pattern, indicating a potential reversal in price direction towards the downside. 💎 It's likely that SKL will retreat to the demand area to gather momentum for another attempt at breaking through the strong resistance zone towards our target area. 💎 However, if SKL fails to find support upon reaching the demand area, resulting in a breakdown below this level, it confirms the triple-top pattern and signals further downward movement. 💎 In such a scenario, the price may continue its descent towards the Bullish Order Block (OB) area or even lower levels.
by MyCryptoParadise
SKL/USDT Keep an eye on the Bullish OB area potential Bounce!!💎 SKL has undeniably garnered significant attention in the market. Presently, SKL is exhibiting a downward trajectory in its recent price movement. 💎 Upon closer examination, a bearish pattern known as the head and shoulders pattern is discernible on the lower time frames. The emergence of this pattern suggests a potential bearish trend for SKL, with the price probability heading towards the Bullish OB area, where a rebound may occur. 💎 Should a rebound materialize and be confirmed, SKL may have an opportunity to make another attempt at breaking through the strong resistance area, which is our target zone. However, if SKL fails to exhibit a rebound and instead consolidates within the Bullish OB, especially if accompanied by weak volume, this could be interpreted as a negative sign. 💎 In such a scenario, there is potential for the price to lose its position within this area, leading to a continuation of the downward movement towards the demand area or even lower levels.
by MyCryptoParadise_Nathan
SKLUSDT - D1SKLUSDT D1 - A 3-wave structure has been formed (also fixation behind the trend line), which can lead to further upward movement, you can also see the beginning of the 5th wave on W1 - it is better to consider targets for breaking the maximum of the 3rd wave on W1, since this was a strong impulse - 0.06982 What can you expect? Long - You can consider entering from these levels 0.06982 with a target of 0.06982 Cancellation if the price breaks the minimum of the 3rd wave - 0.03607 Long Target 0.05316 - 0.05710 - 0.06350 - 0.06982
Long
by Trade_Hive_Signals
SKL/USDT Significant Bounce, Ready for Break the Pattern ??💎 SKL has certainly piqued our interest. Currently, SKL is showing a notable bounce from a robust demand zone and is navigating within a descending channel. For SKL to confirm a bullish trajectory and continue its ascent, it needs to break free from this pattern. At the moment, SKL is on its way to challenge the resistance trendline of the descending channel. 💎 However, if SKL struggles to surpass this resistance and subsequently breaches its strong demand zone, it might be headed towards its key support level. 💎 On the flip side, if SKL successfully breaks out of the channel, it could smoothly sail toward the supply zone, potentially even reaching the bearish OB.
by MyCryptoParadise
SKLUSDT on weekly support and may head for next resistanceThe price was rejected from monthly resistance MR1 and came back to weekly support WS1. It broke that support for a while but it seems that it is on way to claim it back. This definitely opens the way for the price to again aim for the monthly resistance MR1. If anything goes wrong with this plan and price loses the WS1 zone again then next support we should expect is daily support DS1 and further down the weekly support WS2. For short term I have another idea which I will share in a separate post.
by angela_altair
1
SKLUSDT Analysis (LOCAL VISION)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 0.2 and 0.25 after first target reached move ur stop to breakeven Stop: 0.11 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 4 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
3
SKLUSDT Analysis (falling wedge looks completed)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 0.2 and 0.25 after first target reached move ur stop to breakeven Stop: under 0.12 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 3 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
2
SKLUSDT Analysis (LONGTERM)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market and lower target: 0.38 - 0.5 - 0.58 - 0.7 after first target reached move ur stop to breakeven stop: under 0.25 (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 6 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions.
Long
by trytofeelpositive
2
SKLUSDT AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market and lower target: 0.38 - 0.5 - 0.58 after first target reached move ur stop to breakeven stop: ~0.25(depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 5 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Will be very APPRECIATE FOR UR DONAT/coins :) Open to your questions or suggestions(Looking for investors!).
Long
by trytofeelpositive
9