As above. Volume spike and bumping up against top trendline of both a descending triangle that formed in May and a large descending wedge that formed in March 2021. Also, BB squeeze on multiple lower time frames so probable big movement in price action soon. Would need nice push up over 0.65 to consider breakout and possible uptrend to continue. Good luck traders!
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...
As above. Watching possible attempt at another breakout for SKL in the short term. Good luck traders!
Skale has been the main crypto I’ve been focusing on lately if you follow my ideas. I’m excited by this volume right now. On the 4 Hour, we are seeing a very nice spike. We are within the handle of a small cup and handle and we could see a big breakout within the next few days (if Bitcoin behaves).
MAs are perfectly lined up to support a massive upswing. SKL has explored lows like no other. Enough is enough! A double bottom formation spells positivity. MACD is back up to create the right setup. RSI is poised to move into upswing territory. Buckle up folks! Buckle up!
On the 4 Hourly chart, we have created a bullish divergence on the RSI. We have had a nice ABC correction after a nice pump and I now expect us to continue pumping and break out of this falling wedge. That lower 60 cent area would have been a great entry zone for anyone new to Skale. I have a good feeling about this coin.
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...
Charts look good for a reversal to the up trend, am still long and am expecting SKL to potentially double in the next few months.
SKL/BTC has been outperforming its USD and USDT counterparts. We look to be breaking out of our falling wedge, and if we can retest these levels as support, we may achieve liftoff.
On a log scale, Skale has a very distinct upward trend line. If it continues to hold, which it has for all of 2021 so far, we could see somewhere north of $3 by September. Also, we have a massive bullish divergence on the daily RSI, which is shown by that black dashed line. We are in a pretty big bull flag // descending wedge. If we breakout of it soon, we might...
I’d say that we should see a breakout before May 12th. My target price is around $1.70. I will be watching closely when we retest the $.77 and $1 as we could get rejected at either of those zones. Good luck all.
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...
As above. Would like to see continuation above the 0.68 and then 0.73 levels to confirm trend reversal. WATCH for BTC crash again thought that might foil any ALT plans!
On the 1D chart, the price found support at $ 0.5, forming a false breakdown downward. At the moment, an initial growth impulse has been formed on the H4 chart, where the price has already crossed the downtrend line. We recommend buying SKLUSDT in order to hold a long position to the $ 0.93 level and with a stop loss at the local level for the H4 chart.