SKLUSDT.P trade ideas
Skl is almost ready for the next wave (easy 50%)Buy Between 62-75 cent
1st target $1
other targets on the chart
SKALE Token looking goodOpening a small long here. It has decent accumulation over that area of support.
SKLUSDT - 1 HOURAfter a 45% drop it seems that we are now accumulating before a move up.
We need to break major resistance first.
For every new follower i will add a new idea :)
Next rocket ready to take off!!I love the way this graph looks. There is huge potential. SKLUSD on coinbase needs an 80%+ gain to reach the all time high again. Will most likely wait for significant volume to confirm upwards movement before entering in a trade.
SKL -90% gain- Breaking out of the fallign wedge
- Still need some volume to kick this one off, however;
- great discount with a strong leg up pending.
- target the 1.272 Fib ext.
Good luck!
SKL possible breakout level SKL is breaking its downward channel. Bullish divergence on the 1H RSI and MACD; stable support on the .618 fib retracement lvl. Looking for confirmation and entry.
SKL Potential break out - another beautiful falling wedge Looking to break out from somewhere inside the green box, as it corresponds with the previous high.
The last pump came from SKL's Coinsbase listing and was somewhat explosive, and has had a week or so consolidation, and is now looking to break out again, as USA wakes up with their new stimulus checks in their accounts.
A survey performed by the bank of America found that 20 - 30% of stimulus check will find their way to the stonk and crypto markets.... time will tell.
Fib levels stated on the way up.
SKL prepping for a break out. it looks like its consolidtating at the .618 fib here, so we could see an end to the bear, and the rise of the bull.
SKALE SKL/USDTred: 14 days cup and handle forming
green: a big h&s forming and down we go
orange: no comment :)
will be funny to see what it did in 14 days from now.
GL trading and guessing
The next leg up for SKL?Looking like solid support, if the top gets blown off the 4.236 fib then this will probably be the final leg otherwise this project should continue up the ranks of market cap. Currently this project sits at around #100 spot for market cap and is top 25 market cap potential in my assessment. Everything checks out for this project to be a big gainer STILL as long as BTC doesn't crash the market. This isn't without its risks though, fundamentally it checks out but we are in an unregulated market so nothing is guaranteed, but if I had to place my bets anywhere right now, its SKL.
Parallel downward channel (SKLUSDt)We broke out to the downside of the previous triangle pattern, currently we're trading inside a parallel channel it seems. Although I don't think we will fall below the red line, keep this option open. In that case I will open a short position. For now I remain bullish on SKL. I will open long position after a retrace to the support level, if it holds.
price forecast based on Neowave (Elliott)BINANCE:SKLUSDT
As you see, we are in the post-zigzag correction and after the correction is completed in the blue box, we expect growth up to the set goals in a maximum of one week.
Price= 7.5
Take profit= 1.8
Stop loss= 0.62
Skale gonna skale 📈🚀Looking promising for the next week or two, going to break out of resistance from a big rally. It was a perfect fib retracement and accumulation so hopefully we'll get a similar expansion. RSI has plenty of room to move before being overbought. Chase and Wells Fargo aren't releasing stimulus deposits until Wednesday which lines up perfectly for a little pump before another big breakout. Obviously more stimulus coming soon outside of deposits as well so this should be a strong march for us 🚀 👨🚀 Plus this project is killer, so many great things about it and it's still very new, once developers start building their projects I can see this taking off. Half of me wants it for the money, the other half wants it for cheap SKL for developing...either way its a win! 🙌 Strong close today would seal the deal.
If chart follows pattern it could set up a nice inverted H&S , lets see how this shakes out!
SKL almost back on the supportI've been following SKL just since yesterday but quit curious whats going to happen here...
Almost thru the resistance en back on it as support
SKL possible breakout coming in the next 12hWe failed to break red descending triangle and broke down 0.85$ support
Red descending triangle is been broken after that but without strength, just sideways
Green ascending triangle to be broken in the next 12h
Entry after confirmation above 0,85$
SL 0,8$ or when green triangle does not support
Trade at your own risk
SKLUSD LONGAlthough the dominance is at the bottom, SKLUSDT's shape is good, so it is worth betting.
