SKLUSD
SKL/USDT increase will happen soon!Hi every one
SKL / TETHERUS
SKL/USDT has formed a ascending triangle which is a good thing we can be sure and expect that the price would actually increase but only after the breaking of this pattern!
It is expected that the projected price movement to be as good as the measured price movement.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
SKL/USDT (Bearish Triangle Pattern?)💎Technical Analysis Summary💎
BINANCE: SKLUSDT
-The price action is technically bearish for the last 7 days
-We can see a series of Lower Highs and flat area of support
-This is not a good sign, because this support becomes weaker over time
-Most of the time, this triangle breaks to the downside
-Please be cautious and always to follow your stop loss
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SKLUSDT - Potential breakdown 🔽SKLUSDT is printing a descending triangle pattern on the 2H timeframe.
Sell entry ⬇️ - breakdown below the descending triangle horizontal support.
Target 🎯 - fibonacci extension levels / projected descending channel support.
Setup invalidation ❌ - breakout above the descending triangle inclined resistance.
SKL 6h Several scenarios for the SKALE price movement SKALE is a Proof-of-Stake consensus network with the ability to process thousands of transactions per second and low fees. It is compatible with the Ethereum blockchain and will take some of the load off it. Representatives of the DeFi sector are also interested in cooperation with the project. They chose either a hype or an actual direction for the project development.
The project is young, there is no trading history, so one can only suppose and fantasize about the SKL token
future price movement.
Most likely, the near future of the SKLUSDT price will be decided around the level of $0.122.
An increased volumes of purchases and the SKL price will be able to make a low x2 to the zone of $0.25.
What happen if the negative trading delta continues to dominate, as it is now? Then, first we will see the price of $0.099 or maybe below $0.087.
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