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?
SKLPERP trade ideas
SKLUSD: 4H Watch for another attempted breakout of triangle As above.
Watching possible attempt at another breakout for SKL in the short term.
Good luck traders!
Good Sign of VolumeSkale has been the main crypto I’ve been focusing on lately if you follow my ideas. I’m excited by this volume right now. On the 4 Hour, we are seeing a very nice spike. We are within the handle of a small cup and handle and we could see a big breakout within the next few days (if Bitcoin behaves).
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.
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.
Can SKL continue this parabolic trend line?On a log scale, Skale has a very distinct upward trend line. If it continues to hold, which it has for all of 2021 so far, we could see somewhere north of $3 by September. Also, we have a massive bullish divergence on the daily RSI, which is shown by that black dashed line. We are in a pretty big bull flag // descending wedge. If we breakout of it soon, we might see $1+ by June.
BTC NUUSD SKLUSD Technical Analysis & Predictions 4/26/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade (long or short) any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
SKALE - Waiting for an OpportunityBINANCE:SKLUSD
Been tracking this project for a while now. Its been hammered harder than other small cap alts and admittedly I got in with a position at a higher than optimal price point at around $0.72. Using Binance chart because there's a longer price history.
In the next week, I'm leaning towards another BTC drop to $48-50k in the least with a potential heavier drop to $40k, both cases in which will lead to a drop in alts obviously.
If BTC drops to $40k (200 EMA Daily) I expect SKL to get hit hard and drop to $0.38. If BTC drops to $50k (100 EMA Daily) and bounces from there I would buy in at around $0.50 for SKL. In both cases I'll be watching and buying more and more as it drops.
TPs would be $0.68, $0.83, $1.
SKLUSD: 4H watching possible double bottom reversalAs above.
Would like to see continuation above the 0.68 and then 0.73 levels to confirm trend reversal.
WATCH for BTC crash again thought that might foil any ALT plans!
Crypto Market & SKL Technical Analysis & Predictions 4/20/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade (long or short) any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
SKLUSD - not all is lost, have patienceSKL has seen better days and so has crypto, with that being said, give SKL a few days to a week and we should move towards the top of the channel
not trading advice
tg
SKLUSD: 1D looking very promisingAs above...
SKL is chugging along with previous good support at mid 0.60 to low 0.7 and in a current uptrend.
Need to overcome resistance at low 0.8 and 0.9 next and then look for continuation to $1 and above if breaks out of triangle!
Will need continued increase in volume.. release the ALT bulls in please!!!
Good luck traders!
SKL Will DOUBLE in the Next Few Months, Maybe SoonerDespite a very red day today, the EMAs point towards a bullish trend. SKL is seeing higher volumes and is poised to grow very well over the next few months. Let's see if i'm right ;)
skl breaks the triangle upwardSKL does a good break out and triangle broken upward, so I expect to touch the Target I signed In the chart!
Wish you enjoy
SKLUSD - looking for a nice jumpSKL is forming a nice bull flag like many lower market cap coins; another one to keep an eye on as we move into full blown alt season
tg
SKL - are we popping?Very low accumulation volume. Apex of triangle approaching and BB tightening up. Are we there yet?
Keep your buckle on!!!
SKLUSD 4H: Update....As above.
Looks like SKLUSD broke out of down channel that started end of March and will probably correct down a little after last bump up to mid 0.7 level.
BB starting to squeeze again on lower 4H and 2H time frames so some price action imminent and 4H MACD looking like like going down.
Hopeful upper 0.6 price range will hold and then trade sideways again. If not, then down to low 0.6 to upper 0.5 support again.
Really need to break out of that upper 0.75 resistance level and into mid 0.8 price range for continuation to test the $1 and above target. Volume still pretty low and breakout will not happen until major influx by bulls.
I think overall, major selling pressure for SKL has subsided in the short term and hopefully looking for continued move upwards in the next few weeks especially of BTC dominance further decreases.
As always, watch out for major BTC price action that may put a damper on ALTs!
Good luck traders.
SKL ascending triangle potentialSKL looks to be continuing an ascending triangle pattern as I mentioned before.
If the pattern continues, it looks like the next few days should be something to keep an eye out for a breakout potential around .85 with some resistance around the 38.2% Fibonacci retracement level. If that resistance does break (dashed red line), it looks like there is good potential toward the all-time high for SKL and potentially beyond over the next weeks/months.
There is still some potential for a few dips here and there, but support so far has been strong (red bottom line). Looks like a fairly solid pattern to keep an eye on at least.
SKLUSD4H: Looking promising for continued up trendAs above.
Is attempting to breakout of down channel and MACD crossing.
Will follow. Would like to see volume increase. Mid 0.7 to low 0.8 next target if uptrend continues.
Good luck traders!
