Skale Bullish Cypher Pattern This wave should mark the completion of the correction. I'm expecting a parabolic wave 3 higher towards $1 incoming
SKLUSD trade ideas
1D SKLUSD: Whats poppin??As above.
I'ma spend this holiday locked in
My body got rid of them toxins
SKLUSD broke local down trend and pumped up to low 0.4 range again.
Needs more volume to break 0.5 level which has been recent strong local resistance level and if breaks this level, look for possible bigger bull run to start.
1D and 1W RSI look like they are trending up and still have plenty of room to move up, which is a good sign for some continuation with uptrend in these time frames.
Will follow.
Good luck traders!
SKLUSD Skale Network - Chart Shows .70 cents price target! 2x+🚀In this video:
* Quick and dirty napkin charting on sklusd
* Price target .70 cents
SKL - Possible bearish scenarioOn the weekly it looks like an "M" pattern forming that could take us down to a low support level around .20 cents. I feel like this could hinge on the movement of BTC. BTC dipping could cause skale to break down to nearest support level before rallying to new all time highs.
SKL trade the range until breakoutSKL has been consolidating for a very long time and is one of few alts that has yet to breakout. Current supports .32 .30. Current Resistance .385 .40 .425. A daily close above .46 would be confirmation of breakout.
$SKL Retest of prior resistance as support I KNOW NOTHING. DO NOT TRADE ON MY PROJECTIONS. NOT FINACIAL ADVICE.
#Skale has broken out of this giant triangle and has flipped the diagonal resistance to support.
Skale longI think longing SKL could be a strong trade. Don't think the support will break, as it overlaps with the 0.5 fib, and think its likely that it break the downtrend here. First target is around 23% from entry
SKL: Breakout in progressSKL has broken out of the trend line resistance and longer timeframe osciallators indicate that it will have the strength to make a move to the upside.
SklAs we can see following the support qnd resistance lines. We expecte a 25% up in the next 3 days.
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1D SKLUSD: Triple bottom reversal/Inv H&S?As above.
Looks like possible triple bottom/ inverse head and shoulder pattern on the 1D.
Watch for breach up of pink trend-line if reversal and uptrend takes hold, or if pattern fails, breach of yellow bottom channel support.
Potential target if turns bullish would be 0.5 range.
Will follow.
Good luck traders!
Don't Miss This Move.I believe we're getting very close to a parabolic rise coming, I will show a chart below of Loopring which highlights my thinking, This is Layer 2 and has some pretty smart people backing it and it's on major exchanges, Make no mistake this has a very high chance of pumping and doing 10x or so gains in a short period of time, my fractal may be not right on timelines but it's more so to visually understand what I believe is coming.
SKL/USD Bullish Shark HnS Fakeout TradeWe will likely see the top or middle of the trading range again once we break back above the supposed "neckline"
SKALE will likely pull a NuCypher any day nowI clearly see multiple whale addresses that are using their holdings to suppress price to get people to sell.
I'm very confident that these whales are done accumulating (as a lot of retail holders have sold out of frustration from the long consolidation period).
So, I think what we can expect is an insane breakout past .50, past $1, all way to $1.8 - $2.5.
The order books on exchanges are setup to give the illusion that there is resistance (just like it was done with NuCypher).
While I have nothing against VCs, this is literally the exact play the investors did with NU. Who are the VCs in SKALE? Arrington XRP Capital, Blockchange, ConsenSys Labs, Hashed, HashKey, Multicoin Capital, Recruit Holdings and Winklevoss Capital.
There is big money here in SKL -- you think they put in capital for small gains? Nope -- it's all been a game before the real price comes overnight (closer to $1.8 in my opinion).
SKL Super BullishSKL hasn't broken out yet like many of the ALTs in this early leg of the mega bull. You can see resistance around the .50 cent area, once .50 breaks you can see the first target around .74 cents. After that it is clear sky's with some resistance around target 2. We break target two and we are off to the races.
I could see something like this playing out for $SKLI could see something like this playing out for $SKL (ascending triangle pattern) before we take off
hopefully $SKL could hold herehopefully $SKL could hold support but I wouldn't mind a healthy pull back before our next leg up
hopefully $SKL could hold herei would like to see something like this for $SKL. I wouldn't mind a small healthy pull back before our next leg up
0.20 again but some retracement?I do expect a drop back to .20, in due time. But I also expect before it, ESPECIALY if we hold upside .27, is price going back testing around the .44 zone. Which is why I would consider price moving toward the .20 area ONLY if we break gracefully, under 0.27, on heavy supply.
Weekly
Monthly
There's no much more information worthen to mention for no, price will be updated as it moves.
SKL New ATH in Near Future?SKL and SKL/BTC
are look great potential new ATH on the horizon?
Let me know what you think
Happy Trading
I just don't knowdoing it be good? Or doing whales maybe they do the most and shunt us thee peons?
You be the judge, and best of the luck to.
Smile either way because like the happy sad meme guy it is our crypto world that is the sad. Pretend to be happy. Thanks SKL for making me pretend to be happy.
This is a homage to the great trolls of the industry, who are pulling the strings of our lives while we try to technically analyze it, in vain. Godspeed brethren.
