Hi dear friends, hope you are well and welcome to the new update on SKALE Network ( SKL ) token. On the weekly time frame chart, the price action has of SKL has formed a big bullish BAT pattern.
SKL is moving down to 0.4$ zone again after being rejected from 0.6$ zone. 0.4$ zone is a good support for generating new rally up to 0.6$ zone again and 0.8$. But if it loses 0.4$ zone, it will have a decline to 0.3$ or even 0.2$ at mid June 📈BUY -Buy: 0.39-0.41$ if A. SL if B -Buy: 0.585-0.615$ if A. SL if B 📉SELL -Sell: 0.585-0.615$. SL if A -Sell:...
We're still stuck within this falling wedge in the 3D timeframe, and boundaries are respected. To avoid FUD & FOMO always keep the big picture in mind. When the breakout comes to pass, it will be parabolic. I have no reason to doubt. This wedge survived the worst. To the moon!
Bullishness is still in the air regarding SKL. This massive descending wedge is still true. Hodlers will see the fruits of their patience. Rash and confused investors will pay a heavy price. I won't sell a single SKL coin. It won't be long you'll see why. 1.2 - 1.5 is still my target FOR NOW. I might modify upwards!
Hi all, SKALE looks interesting given the rise of Layer 2 solutions and the Elastic sidechain solution SKALE is offering I think it has an upward potential. Let's look at the technicals we are currently at a break point. You can clearly see that on the daily chart, both the diagonal and horizontal resistance levels meet in the $0.75 zone. I would say that a...
We are riding a massive descending channel, which is a bullish sign. We are also riding a smaller descending channel, which again is a bullish sign. MA50 and EMA50 are strong support factors. If conquered, MA100 could be a major support. In that case, the possibility of a golden cross will bring hope. (I have not included MA30 because price action history shows...
COINBASE:SKLUSD Have a big SKL position again after seeing FIB retracement levels hold very nicely at .58 and .62 with lots of buyers at these levels. I'm personally seeing the 75cent level of resistance break very quickly once we break out from the downtrendline. This is barring any breakdown from BTC which would obviously throw things off if it happens...
I few days ago I published how a potential breakout might be occurring soon with regard to SKL on the daily chart, but I just wanted to update that there is now a potential short-term break downward instead after revisiting the 4-hour chart. It looks like after the dip from what looks to be a fake out from the other day, a bearish ascending broadening wedge...
BINANCE:SKLUSD Been tracking this project for a while now. Its been hammered harder than other small cap alts and admittedly I got in with a position at a higher than optimal price point at around $0.72. Using Binance chart because there's a longer price history. In the next week, I'm leaning towards another BTC drop to $48-50k in the least with a potential...
$SKL is trending - RSI was able to regain the barrier at 48.5. At the same time, #SKLBTC was able to break out of the wedge formation and unleash new momentum - already +7% today. A short-term key resistance is now within reach. A recapture can trigger strong momentum in $SKLBTC
SKALE had a really good day today but looks to have retraced back from the .236 Fibonacci retrace level from the previous dip back to the .382 Fibonacci level and potentially could be forming the upper part of a forming wedge (dashed red line). This leaves a couple of options still on the table from the looks of it. Option one is a continuation (which could...
#SKLBTC price formed a wedge and now try to break out the resistance. also there is good news for #SKALE-NETWORK
Fundamentals: SKALE is described as an elastic network that’s designed to bring scalability to Ethereum. As well as boosting transaction capacity, the decentralized project aims to reduce latency and ensure that payments can be made as cheaply as possible. The project’s website says it wants to enable people to build and run DApps in a “decentralized modular...
Here's a quick look at SKL 4 hr chart. As we can see the price broke out from the bull pennant and did a retest and then broke through resistance. The next area of resistance is around 0.8$. The idea is: Buy the retest of the level shown in the chart, and if it does not retest then buy the breakout from the are shown in the chart. Take profits at the level shown...
1.38 high .61 low -45% change high 16%+ change low SKL is expected to reach .94 in the upcoming week. You can feel free to panic buy at the top, or you can procure said asset below.
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.
Hi Traders I just want you not to miss this.