SKLUSDTPERP
SKLUSDTBINANCE:SKLUSDT is still in bullish form and can touch higher targets until key levels are broken
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SKL/USDT Looking BullishTRADE ALERT!SKL
Ticker: SKL/USDT
Entry: 0.0438 - 0.0446
Take Profit: 0.0483 - 0.0599
Stop Loss: 0.0404
Risk to reward: 1:2
Technical Thesis: It seems like SKL is on the verge of breaking out from a falling wedge pattern, indicating a potentially bullish trend. This breakout could lead to an increase in pump lines for SKL. Keep an eye on the charts for confirmation and potential trading opportunities.
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.
Skl | Trying To Breakout Sklusdt
Formed Falling in Wedge Pattern In 4h time-frame Incase Of Breakout Expecting 30-50% Bullish Move
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🚇SKL is approaching strong resistanceOver the last two months the price has entered and successfully bounced of area of support three times, creating some sort of triple bottom and validating its strength. It is now being supported by a local level (0.3144) and dynamic support(blue). The next expected move is to see the price break above 200MA, get rejected from key level (0.40), than consolidate on another local level for a while (0.3532) before next breakout attempt. In case of a dump we can expect the price to find support in the zone of strong support again (green area)
Entry: buy at current price -- or buy once 0.3532 is claimed(buying under heavy resistance)-- buy later once major resistance is broken on a local pullback
Targets:
0.3532
0.4000
0.4349
0.5140
0.6748
0.8470
1.0081
1.2533
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About SKL:
SKALE is described as an elastic network that’s designed to bring scalability to Ethereum. As well as boosting transaction capacity, the decentralized project aims to reduce latency and ensure that payments can be made as cheaply as possible.
The project’s website says it wants to enable people to build and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” This emphasis on decentralization isn’t at the expense of security.
According to SKALE, those who build on this platform can run Solidity smart contracts “thousands of times faster at a fraction of the mainnet cost” — with games and content streaming services among the projects that already take advantage of its infrastructure.
Source: coinmarketcap