SKLUSD trade ideas
SKL and fractal The similarities between prior and current SKL price movements are hard to overlook. Fractal!!!
Let’s see how this play out. Blue drawing is my best guess.
SKL going to pump, but not before around mid April I think. This is just what I think, I hope it will pump earlier but it doesn't seem like it.
This is no financial advice.
Update on SKL - sitting on support!!!Support/resistance and the green downtrend curves (not line) after a big pop!!!
I hope the chart is self-explanatory!
SKL Analysis based on Elliott Impluse wave
I draw any wave by accurate fibo levels .
Hope you enjoy this Coin
If you like to enjoy more analysis just PM me in Telgeram messanger: @omid4628
Long term bullish viewSKL loves to pump. We're 45% away from the recent high. Good entry point right now.
ETH pumping
ETHBTC ratio pumping
The higher the ETH price, the better for SKL
market green today
SKL likely at the bottom
Stock market at all time high
FIL is dropping... where will that money go?
SKLUSH 4H: Looks like finding support with sideways movementAs above.
Finding some support at 0.72 with low volume and sideways movement. Had a spike over 1.0 through top trend line in this current channel but not sustained.
Look for increased volume, MACD on 2H to turn positive, and would like to see it blast through resistance area in lower to mid 0.8 range for continuation up into at least 0.9 range. Would be very encouraging if breaks and sustains above 1.0 for moon shoot.
If 0.72 support fails, then back down to lower 0.6 or 0.5 areas again.
Will continue to watch.
Good luck traders!!
SKL building up pressure for another run!!SKL found support with 200 EMA.
Broke descending channel with rising volume.
Massive run up to ATH 1’s range (over shot) wide resistant zone.
It retraced back support zone in green (0.75).
It’s currently printing a nice green 4H candle possibly signifying the end of the retrace (need a few more hrs to confirm at the time of this post).
RSI in the meantime is showing a nice hidden bull divergence.
If support holds and BTC continues to remain in its bull channel. I anticipate SKL to retest the 1’s zone.
Cheers 🍻
SKL, continuation or retracement?SKALE had a really good day today but looks to have retraced back from the .236 Fibonacci retrace level from the previous dip back to the .382 Fibonacci level and potentially could be forming the upper part of a forming wedge (dashed red line). This leaves a couple of options still on the table from the looks of it.
Option one is a continuation (which could easily be supported soon by MACD on the daily chart soon). However, there is also the possiblity that an ascending triangle could be starting (solid red lines) after which a small dip could occur over the next few days before heading up again (particularly if BTC dips), that is, assuming it doesn't continue downward beyond the bottom support (solid red line).
There at least look to be a couple of options upward for SKL at least, so it should be interesting to see how it plays out over the next few days.
SKLUSD - Pump and dump? Or..Curious to know how this does as I'm waiting for an entry. This coin was just listed on Gemini yesterday (not sure if that means anything lol).
SKLno idea how i messed up the previous chart, i must have been playing around. here is the updated chart on next target
SKLUSD 2H: Uptrend looking promising. Watch for continuation As above.
Madrid ribbon turning green after inverse H&S reversal and hitting expected resistances and supports going up. Volume looking like it is steady with the little pumps and MACD on the 4H just went over the zero line...
My target is 0.75 range right now but be carful of BTC influence on market and if it crashes and takes away the steam away from the ALTs. Set your stop losses accordingly.
Good luck traders!
Skale Network: Consolidation EndingSKL is looking like it might be wrapping up its first period of consolidation after being listed on Coinbase Pro. Let's see how it does! Here's a nice set-up for those interested in taking a positionn. I trade all these swings right alongside you; these are my actual positions. My entry point is always the current price before you update the load bars. I am not a financial advisor. Join me at your own risk.
If you have strong hands, patience, and like big wins and big money, follow me. I track all the USD & USDC-paired cryptocurrencies on Coinbase Pro (along with many others) and regularly seek out the most potentially lucrative swing trades. All my charts are clean, straightforward, and easy-to-follow. My technical analysis is based upon Wyckoff phase analysis, Elliott wave principle & Fibonacci extensions. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags. The more intrepid traders can let the winners run a bit longer. Good luck and safe trading to all!
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SKLUSD 4h: Watch for inverse H&S reversal pattern As above.
Wait for neckline break @ around 0.64 to confirm. First target could be 0.74-0.76.
Good luck traders!
SKL long trade ideaSKL dropped hard following BTC, found its bottom, broke out of the descending wedge (in green). Currently appears to be making an inverse Head and Shoulder pattern (possible drawing the right shoulder now). If price breaks 0.605 with volume, it’s a great long trade entr6 with 1.85 RR.
Target 1 - 0.65. Target 2 - 0.69, where the full potential of the iH&S pattern plays out.
Happy trading
