SKLUSDT trade ideas
Skale network - Depending on TA interestingHello trading friends,
This is a small view from the TA trend expecting depending on the last trends.
The first and important point is that in markets there is no guarantee for any target, all depending on expecting depending study trends.
If we watch Skale from TA trend - it shows that it's at this moment into a green flow.
Have a great time
# this is not a trading call - and trade only depends on your setups.
skale network - long chart trend (skl) Breakout?Hello trading friends,
This is a small view update for the possible trend for long on SKL with the possibility of a breakout.
Know that sometimes coins increase, but after that, it goes into recovery - for this reason, the place always good sl on any study coin you have done.
Data:
SkL looks interesting and the time frame should confirm a coming time or this are only for a small-time or longer time.
It's also not a bad idea to wait on recovery trends or a re-test on further levels.
Know that fast handling and just entering the market could bring some into losing - study the trend well and take time - there is no hurry to make always directly an action.
And the market is very big 24/7 open. study your setups, and check which markets are good for you.
Trying to check the best possible time frame coins that have possibility to increase depending on more data trends.
Have a great day.
This is not a trading call - manage always your risk.
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skl long or short?Black Mountain Analytical Team:
skl 3 possible scenarios
Wait for the price reaction to the area and zone.
We will wait for the price reaction to the Resistance line and the static Resistance range. After the price reaction, we can enter.
We are currently monitoring it to catch it in the first price movements.
TREND LINE-Resistance area
SKL USDT Descending channel breakoutRSI downtrend broken and we have popped above the upper trendline of the channel. Volume has also increased during this move.
The Kijun (red) line is flat and PA remains below the cloud, I'm wanting to see 1: The Tenkan (blue line) cross the Kijun (red line) and 2: An increase in volume to enable price to push through resistance levels above. Failing this, PA could move sideways as suggested by the Kijun line or drop back down to retest the top trendline of the channel. Stoch RSI is stretched on both the 4hr and Daily timeframes but there is plenty of scope for upward movement on HTFs such as 5D and Weekly.
SKL USDT Descending channelSKL has bounced inside this descending channel for 6 weeks. Need to see a significant uplift in volume and/or a break in the RSI trendline to convincingly break out of the upper trendline. Even then, plenty of heavy resistance waiting above the channel.
Cheap entry price opportunities or a chance to DCA/ bring avg purchase prices down for those already invested longer term.
SKL USDT LONG (VERY LONG)My time horizon is 5 years minimum but may TP (10%) at around $1.60. For those looking to TP on the way up, some possible TP targets in grey next to price axis/NFA.
$skl has been in an accumulation period for months and is likely to break out within the next 4 weeks as the wider market completes its correction.
Skale Network has multiple projects and upgrades going live during February with SKALE V2 (aka Skaleverse) going through final stages of QA right now which will bring many new features to the network enabling more Dapps to go live. The tech behind this project is unique, as is the community supporting it (#skaliens) and the ever expanding and engaging team behind the network (DYOR).
Will focus more on trading /TA in future ideas I post. Thanks for reading if you got this far!