Reversal confirmed!I see the inv head and shoulder confirming just now.
Taking a nice long position.
Daily trendline broken and holding as support.
SKLUSDT.PS trade ideas
SKL - Saucer Pattern - Aliens are HereBINANCE:SKLUSDT (1D CHART) Technical Analysis Update
SKL is currently trading at $0.08978 and showing overall bullish sentiment after forming saucer pattern
As you can see in the chart, SKL formed saucer pattern previously and had a nice long trend after the pattern, Currently it formed the exact same pattern. We are expecting the price to move in the same way.
We can enter a position at current price while keeping stop loss around the next weak support zone.
Entry level: $ 0.08985
Stop loss level: $ 0.06945
Target 1: $ 0.09977
Target 2: $ 0.11238
Target 3: $ 0.13936
Target 4: $ 0.16924
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto
Alikze »» SKL | Pullback to broken structureIn the daily time, after the floor in the range of 0.019, it has entered a motivational upward phase, which is facing a correction with the failure of the dynamic trigger and the specified supply area, which is supported in the green box area where a break has occurred. It will grow up to the next supply area. Otherwise, it can continue up to the range of the dynamic correction trigger, which will make it difficult to continue the upward path.
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SKLUSDT(SKALE Network) Daily tf Range Updated till 21-03-24SKLUSDT(SKALE Network) Daily timeframe range. PA is pretty simple here. its trying to stay above 0.09891. which could keep it afloat of course that depends on retail interest. keeping above 0.09891 can lead it to 0.13137.
SKL Breakdown the TrendlineHey Guys,
SKL breakdown the trendline and it's came to retest, So we can plan a short entry here..!!
See chart for more understanding...!!
Disclaimer: I am not financial Advisor; this is my opinion I am some guy on the Internet...!! Crypto market is highly volatile, do your own research and jump into the trade.
#SKL/USDT#SKL
The price broke the last bear flag since May 2022
The Moving Average 100 was broken to the upside strongly.
The price moves in two waves.
The price now is 0.06400.
The first target is 0.07850.
The second goal is 0.11690.
This rise is supported by breaking the descending triangle pattern and breaking the moving average 100 and the MACD indicator.
We may see some correction before completing the rise.
SKL/USDT: A Crucial Resistance Test AwaitsAnalysis Overview:
As we step into a decisive phase for SKL/USDT on the weekly timeframe, our attention is drawn to a critical resistance level that's been a formidable barrier in past trading sessions. The digital asset now faces a pivotal moment: a break and hold above this resistance could pave the way for a bullish continuation, but the journey is laden with both opportunities and challenges. Let's dive deep into the technicals that shape our trade plan, incorporating essential price action cues and indicators to navigate the waters ahead.
Key Resistance in Focus:
Our analysis hones in on the crucial resistance zone that SKL/USDT is currently challenging. This level, historically, has acted as a significant pivot point, dictating short to medium-term market directions. A conclusive break above this resistance, accompanied by increased trading volume, could signal the start of a new bullish chapter for SKL/USDT.
Price Action Cues:
Candlestick Patterns: We're closely monitoring the formation of bullish candlestick patterns near the resistance level. Patterns such as a bullish engulfing or a breakaway gap could serve as early indicators of a successful resistance breach.
Trend Analysis: The emergence of higher highs and higher lows following a breakout would confirm a bullish trend reversal. This shift in market structure is paramount for traders aiming to capitalize on early signs of momentum.
Volume Analysis: An uptick in trading volume accompanying the resistance breach would add credence to the breakout's validity, suggesting a strong buyer conviction behind the move.
Technical Indicators to Watch:
RSI (Relative Strength Index): An RSI breakout above 60 could indicate growing bullish momentum, adding further confirmation to our breakout hypothesis.
MACD (Moving Average Convergence Divergence): A bullish MACD crossover, particularly above the zero line, would underscore the strength behind the upward move.
Fibonacci Retracements: Should a breakout occur, Fibonacci levels will serve as key targets and potential reversal points, guiding our profit-taking strategy.
Trading Strategy:
Our trade plan hinges on a clear break and hold above the resistance. Entry points should be considered post-breakout to mitigate the risk of false signals. Stop losses are advised below the breakout level to protect against potential reversals. Profit targets can be established at subsequent Fibonacci extension levels, adjusting for market feedback and momentum indicators.
Risk Management:
Given the volatile nature of cryptocurrency markets, employing a disciplined risk management strategy is essential. This includes setting appropriate stop losses, not over-leveraging positions, and taking profits at predefined levels to preserve capital.
Conclusion:
SKL/USDT is at a crossroads, with its immediate future largely dependent on the outcome at this critical resistance level. While a breakout could open the door to significant gains, traders must navigate with caution, employing a sound technical analysis framework and risk management practices. As always, keep an eye on broader market sentiment and news flow, as external factors can significantly influence price action.
This trade plan aims to blend technical analysis with practical trading strategies, providing crypto traders with insights and a roadmap for navigating the current SKL/USDT setup. Remember, while technical analysis can offer valuable insights, it's important to stay adaptable and responsive to market changes.
SKLUSDT1. Skale has already been quite bullish pre halving but I rekon there is still a 20x to go once we reach past ATH at $1.20.
2. The zero fees make this L2 very attractive and it can scale at an unlimited capacity.
3. Short Term Targets are below but this is definitely a hodl coin.
4. $2 a coin This cycle is not out of the question.
Buy signalAccording to the waves analysis we can expect that price rise again to the green zone.
follow me for more ideas
SKL/USDT Bullish Leap from Support Zone? 🚀SKL analysis💎 Paradisers, get ready for a lucrative trading chance with #SKLUSDT, firmly placed in a vital support zone and hinting at a possible bullish shift.
💎 As we explore #SKL's path, it's climbing from a key support level at $0.09818. Maintaining this momentum could highly increase the chances of a bullish journey, especially as we've observed resistance transforming into support, bolstering its upward potential.
💎 If the drive behind LSE:SKL starts to wane, anticipate a bullish resurgence from the steadfast support at $0.08170. Yet, a descent below this critical point may trigger a significant drop.
$sklusdt may give %30 i did not like the volume of SKL, however may go up 30% or more
entry and TP's are on the chart
SKL/USDT Primed for a Bullish Trajectory? 👀🚀SKL Analysis💎Paradisers, let's explore the dynamics of #SKLUSDT, where the landscape is ripe for a potential bullish rebound from a pivotal support area.
💎Reviewing #SKALE's trading activity, we observe a profound 80% reduction from its top. Yet, the tenacity at the $0.06310 support level hints at the possibility of an ascending movement.
💎The challenge of reaching new heights or surpassing prior records has led to a prevailing bearish sentiment. Nevertheless, the crucial $0.06310 threshold for LSE:SKL is teetering on the edge of sparking a notable bullish shift upon another assessment.
💎With an eye towards adaptability, we've prepared a Plan B. If #SKL descends further from this foundational support, we anticipate a bullish revival initiating from the secondary support at $0.026. It's essential to recognize, however, that a breach below this point could indicate a prolonged bearish trend.
💎Keep your trading strategies flexible and your senses attuned to market fluctuations, Paradisers. Be reassured, the ParadiseTeam is vigilantly tracking these developments, poised to navigate you through the shifting financial terrains.
SKL 0.10$ reachedwell guys.. my charts talk for me..
i been posting ideas since 2020 or something, i failed... 10% ? i have like 180 ideas posted.
see the resistance lines and supports, i out them the last time i mdee the idea.
well.. nothing more enjoy the Profit
SKLLONG SETUP IN 2H CHARTSKL/USDT is swinging in descending triangle and if breakout happens then we will witness 15% - 20% upside movement.
targets are given in chart.
SKL/USDT Triple Top Bearish Pattern! Back to the demand area.💎 SKL has recently exhibited notable market dynamics, experiencing rejection once again upon encountering strong resistance.
💎The chart pattern formed resembles a triple top pattern, indicating a potential reversal in price direction towards the downside.
💎 It's likely that SKL will retreat to the demand area to gather momentum for another attempt at breaking through the strong resistance zone towards our target area.
💎 However, if SKL fails to find support upon reaching the demand area, resulting in a breakdown below this level, it confirms the triple-top pattern and signals further downward movement.
💎 In such a scenario, the price may continue its descent towards the Bullish Order Block (OB) area or even lower levels.
SKL is copying its next move ,,I have a special fractal analysis by using some terms and I think we are waiting big and strong green soon up to the line or more!
SKL before big move!As my last idea for SKL witch was correct and target 30% in 2 days ..
Now we are here and waiting the big move inshallah!(if the God wills) ,,
watch the last idea for SKL in link below
Buy signalA great scalp position, given that we are in a strong uptrend and corrective wave analysis we can expect to return to the green zone.
Be patient and enjoy your profit
$sklChannel is confirmed. Pushed past anchored vwap. On route to next anchored vwap all time high resistance 0.125 is target. Alligns with vwap and channel
Partnered with BIST:LINK feb 13th.
SKL Lights the Path: Get In on the Buy Action Today!"## SKL Coin: Short Fundamentals, Recent News, and Disclaimer
**Disclaimer:** I am not a financial advisor and this is not financial advice. Cryptocurrency is a highly volatile and speculative market. Please do your own research before making any investment decisions.
**Short Fundamentals:**
* SKL coin (SKALE) is the native token of SKALE Network, a layer-2 scaling solution for the Ethereum blockchain.
* SKALE aims to address Ethereum's scalability issues by providing an off-chain network for fast and secure transactions.
* SKALE uses an optimistic rollup architecture, which allows for faster transaction processing compared to the main Ethereum chain.
* SKL coins are used to pay for gas fees on the SKALE network and to participate in network governance.
**Recent News:**
* **February 13, 2024:** SKALE announces partnership with Chainlink to expand oracle services on the SKALE network.
* **February 8, 2024:** SKALE releases alpha version of its new EVM sidechain, SKALE Chain.
* **January 25, 2024:** SKALE announces collaboration with Polygon to accelerate Web3 adoption in India.
**Disclaimer:** While the news listed above are recent developments, the cryptocurrency market is fast-paced and information can change quickly. It's important to research current news and updates before making any investment decisions.
**Additional Resources:**
* SKALE Network Website: (skale.network)
* SKL Coin on CoinMarketCap: [ ]( )
Remember, cryptocurrency is a complex and risky investment. Always do your own research and never invest more than you can afford to lose.
#SKL/USDT | Ready to rise strong
#SKL
The price is moving in a perfect triangle on the 4-hour frame
Some correction is expected before the triangle breaks higher
We have oversold conditions on the MACD indicator
Entry price is 0.07220
First target 0.07500
Second goal 0.02180
Third goal 0.07991
Fourth goal 0.08284
SKL/USDT Keep an eye on the Bullish OB area potential Bounce!!💎 SKL has undeniably garnered significant attention in the market. Presently, SKL is exhibiting a downward trajectory in its recent price movement.
💎 Upon closer examination, a bearish pattern known as the head and shoulders pattern is discernible on the lower time frames. The emergence of this pattern suggests a potential bearish trend for SKL, with the price probability heading towards the Bullish OB area, where a rebound may occur.
💎 Should a rebound materialize and be confirmed, SKL may have an opportunity to make another attempt at breaking through the strong resistance area, which is our target zone. However, if SKL fails to exhibit a rebound and instead consolidates within the Bullish OB, especially if accompanied by weak volume, this could be interpreted as a negative sign.
💎 In such a scenario, there is potential for the price to lose its position within this area, leading to a continuation of the downward movement towards the demand area or even lower levels.
Skl 2nd leg elliot hello how are you elliot my little friend elliot.
here i posted an idea that is proving that i was right hehe... yes i said it...
well what is coming after leg 2??
why why always has to be like that?
RSI?
