I’ve been bullish for awhile on this coin. I feel pretty confident in saying we will see a breakout by May 26th which subsequently is my birthday. So don’t disappoint me SKL lol. Will be watching for resistance at 85 cents.
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!
SKL-BTC broke out at end of April, revisit apex/resistance now turned support and bounced back. Higher low on 4/12. Would like to see higher high to confirm. RSI broke out of down-trend, bounced off over-sold and on its way up, gaining strength. MACD turned positive. With all these positive signs, I think SKL is prime to break out soon... similarly SKLUSD is...
SKALE has pulled back enough for an entry, IMO it looks good while above support around 0.475 and has also been consolidating for over 3 months. Good project with good financial backers. Looking for a long term breakout above 0.7 as long as $ALTPERP keeps moving up and $BTC Behaves.
Sadly.. it's dead now.. drop til the ultimate lowest level while other alt coins are still able to maintain. I've lost so much money here
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...
Once Skale breaks out of this cup and handle within this falling wedge and retests it as support, we should see some very nice gains. Don’t grow impatient grow your money.
ANALYSIS 🔎 - SKLUSDT is on a mid-term uptrend supported by the ascending trendline support. - The market hit a swing high and retraced. - Price is retesting the flip horizontal support, the ascending trendline support and the key fibonacci retracement zone (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this zone. - The retracement...