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SKLPERP trade ideas

SKLUSD aiming at the All Time Highs!Skale Network (SKLUSD) has been in a parabolic rise the past 7-10 days and since yesterday it broke above both the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). The move appears to be replicating the massive rally of January - March 2021. So far the Symmetrical Resistance levels of 2021 have been respected during the current run. The next is just above 0.3700. A rejection there, or on the 0.5000 September Resistance, should test the lower MA as a Support. If that holds, expect the test of the 1.35 (roughly) All Time High by June. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
COINBASE:SKLUSDLong
by TradingShot
11
SKALE (SKL) Opened Long position at .13500..., First target 100,SKALE (SKL) Opened Long position at .13500..., First target 100,fib Second target 134,fib Third target 200 - 227.2,fib Fourth target 341,fib On the 8H; Using the Monthly Pivots Woodie also as resistance levels. Currently above 20ma, 55ma, and yearly VWAP, with the 20 ma almost crossing VWAP. Right now finding resistance at R1 pivot, a break below ma's, VWAP and (P) pivot, may find its way back down to low .0900... levels. Will move Stop loss at every target Hit, Broke & Retested. Close half my position at the 200,fib and wait for next buy signal to add more. According buying pressure proceeds. Not A Financial Adviser, For Entertainment Purposes only!
BINANCE:SKLUSDLong
by Nikxsen
Pulse of an Asset via Fibonacci: SKL at major Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the buyers still there? Enough to absorb the selling power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. Part of my ongoing series to collect examples of my Methodology : (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place <= Current Example Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
COINBASE:SKLUSD
by EuroMotif
8
SKALE could make a jump from hereLooking at the long term downtrend (white lines) and the short term lines, SKL hopefully will hold above the green ascending line as BTC finishes it's consolidation. Once the BTC crowd calms down maybe the alts can confidently grow, with SKL primed as a candidate for some major gains. Right now it seems like it's in limbo, but any dips from here most likely will be very short lived, in my hardly-educated opinion. Good luck and wishing you all success.
COINBASE:SKLUSDLong
by scrom_indicator
1
SKALE is positioned for lots of upside Howdy folks, another play I wanted to share I've opened a position in Skale coin at around 12 cents bc (a) it is looking oversold at these levels, (b) there is chance for upside to 100-500%+, whereas if it dips from here I only temporarily am down 30-50% (I don't actually lose this money unless I sell while down, but with crypto if you hold long enough it will rise again) Three scenarios I see playing out: 1. Price returns to 24 cents 2. Price returns to 35 cents 3. Price rallies past 50 cents In all of this instances the upside is 100%+ Volume is currently at $24M and rising. Watch out for the volume to continue rising to validate the bull run. Also, this is assuming tomorrow's Fed news doesn't crater markets again! If you found this valuable, follow for more!
FTX:SKLUSDLong
by seymour-ganes
2