SKLUSDT trade ideas
SKLUSDT - D1SKLUSDT
D1 - A 3-wave structure has been formed (also fixation behind the trend line), which can lead to further upward movement, you can also see the beginning of the 5th wave on W1 - it is better to consider targets for breaking the maximum of the 3rd wave on W1, since this was a strong impulse - 0.06982
What can you expect?
Long - You can consider entering from these levels 0.06982 with a target of 0.06982
Cancellation if the price breaks the minimum of the 3rd wave - 0.03607
Long
Target 0.05316 - 0.05710 - 0.06350 - 0.06982
SKL/USDT Looking BullishTRADE ALERT!SKL
Ticker: SKL/USDT
Entry: 0.0438 - 0.0446
Take Profit: 0.0483 - 0.0599
Stop Loss: 0.0404
Risk to reward: 1:2
Technical Thesis: It seems like SKL is on the verge of breaking out from a falling wedge pattern, indicating a potentially bullish trend. This breakout could lead to an increase in pump lines for SKL. Keep an eye on the charts for confirmation and potential trading opportunities.
SKL is repeating the past
As can be seen on SKL chart, the current move is repeating the past with a similar move at the start of the year 2023.
the levels are on the chart, however, I dont think it will hit the same levels hit before since market conditions have changed, and SKL has a good reputation. I think it will only hit level (1) or (2) in the worst condition.
SKL/USDT Break out the key level area ??? SKL Analysis Today💎 SKL has undeniably left its mark on the market. Currently, SKL finds itself in a pivotal zone, facing a resistance area. If SKL successfully breaches this resistance in the near future, it will be poised to continue its upward trajectory, with the probability of reaching our target zone, encompassing both the supply and major supply areas.
💎 Conversely, if SKL fails to break through the resistance, there's a possibility that it will return to testing the demand area at $0.0275 in order to generate fresh momentum.
💎 During this retesting phase at the $0.0275 demand area, SKL must either maintain this level or risk breaching the demand. Such an outcome would be unfavorable for SKL, indicating a shift back to a downward movement and a potential descent to the strong demand area.
It is time to SKALE ⤴️Hello TradingView Family / Fellow Traders,
📉 After a 130% surge , BITRUE:SKLUSDT has entered a correction phase and is currently trading within the descending blue channel.
🏹 SKL is presently approaching a robust demand zone highlighted in green. Therefore, as the price approaches this zone, we will be seeking trend-following buy setups on lower timeframes.
📈 For the bulls to assume control and initiate the next upward impulse movement, a breakout above the blue channel is required.
Meanwhile, an expected movement towards the demand zone is anticipated.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
SKLUSDT - End of RetracementExtended retracement after bullish fundamentally driven runup entering into Consolidation phase.
Finding support at important 0.618 Fibonacci level.
Aggressive traders might bet on it returning to the previous recent highs.
There is also a Divergence on the MACD indicator showing a slowing of the bearish momentum.
Observe increased Volume as confirmation of buying interest
Trade signal | SKALE (SKL) completed setup for upto 37.50% pumpHi dear friends, hope you are well, and welcome to the new trade setup of SKALE (SKL) with US Dollar pair.
Previously we caught almost 22% pump of SKL as below:
Now on a 4-hr time frame, SKL has formed a bullish AB=CD move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
SKL/USDT plan bullish ride? 👀 🚀 SKL Today analysis💎 Paradisers, keep your eyes on SKLUSDT! We've observed its trajectory as it faces rejection from the supply zone, hinting at a heightened likelihood of a bullish surge post a retest of the demand zone.
💎 Historically, SKLUSDT has been adhering to a descending trendline. However, it managed to break free, charting an upward course. Currently, after facing rejection at the .2770 supply level, the odds are leaning towards a bullish resurgence upon retesting the .2373 demand zone.
💎 However, if the asset struggles to maintain this momentum, it might seek bullish support from the robust .1952 support level. A breach below this level could signal a potential downward shift. Stay alert and strategize accordingly!
SKL/USDT Trading Outlook: Bullish Prospects in the Demand Zone💎 Paradisers, turn your attention to SKLUSDT, which is currently showcasing an intriguing pattern in a demand zone, indicating a strong potential for a bullish movement.
💎 Historically, Skale has demonstrated a tendency to break away from its descending trendline, leading to upward trends. With its current position in a demand zone, the likelihood of a bullish trajectory appears to be quite robust.
💎 The initial goal in this bullish scenario is to break through the supply level at .3513. Successfully surpassing this hurdle could open the door to challenging a significant supply level situated higher up.
💎 Conversely, if SKLUSDT falters in maintaining its upward trajectory, a tactical bullish approach from the .2671 demand level may be the prudent move. However, a drop below this critical point could set off a substantial bearish shift.
Stay sharp and strategic in your trading decisions, Paradisers. Your ParadiseTeam is here to guide you through these market developments.
SKL Unlocking Potential: The Perfect Entry Point for Profits 💰**Short Fundamental Analysis of SKL Coin**
SKL coin is a native cryptocurrency of the SKALE network, a decentralized blockchain platform designed to enhance the scalability of Ethereum. SKL is used to pay for transaction fees and to secure the network.
SKL has been on an upward trend in recent months, driven by increased interest in the Ethereum network and the SKALE project. The coin has gained over 50% in value since its launch in July 2023.
**Recent News**
* SKALE has announced a partnership with Chainlink, a decentralized oracle network, to provide SKL with access to real-world data.
* SKALE has been integrated into the popular MetaMask wallet, making it easier for users to access SKL-based applications.
**Disclaimer**
This is not financial advice. Please do your own research before investing in SKL coin.
