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SKLUSD

SKL-BTC - prime for breakout!!!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 nearing the apex of the triangle. Target on chart. Patience will be rewarded. Not financial advice. Good luck trading!
Long
by EtherSwinger
SKL - BREAKOUT IMMINENTCOINBASE: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 (knocks on wood). Not all that worried about that happening right now though because I'm also bullish on BTC again after its been overshadowed by ETH and BTC Cash the past week. BTC's been trading sideways for the past month and I think we could at least retest the 65k ATH soon. There's a potential to go back down to .58 but at this point the setup is too good to not be long IMO. Hopefully I'll see you guys at $0.85+ again very shortly :)
COINBASE:SKLUSDLong
by CaffeinatedCryptoo
5
SKL short-term break downwardI 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 formed instead (red dotted lines) that now looks to be starting to break downward. There looks to be a bit of resistance at the base of the current descending wedge (bottom red dotted line), but there is potential for a bit more of a dip against BTC in the short term, particularly if further BTC drops persist. And of course, this is not meant as financial advice and is just my opinion, but please like or comment if you agree or see anything differently.
by crypto_trends