#SKL
The price broke the last bear flag since May 2022
The Moving Average 100 was broken to the upside strongly.
The price moves in two waves.
The price now is 0.06400.
The first target is 0.07850.
The second goal is 0.11690.
This rise is supported by breaking the descending triangle pattern and breaking the moving average 100 and the MACD indicator.
We may see...
#SKL
The price is moving in a perfect triangle on the 4-hour frame
Some correction is expected before the triangle breaks higher
We have oversold conditions on the MACD indicator
Entry price is 0.07220
First target 0.07500
Second goal 0.02180
Third goal 0.07991
Fourth goal 0.08284
BINANCE:SKLUSDT is still in bullish form and can touch higher targets until key levels are broken
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TRADE ALERT!SKL
Ticker: SKL/USDT
Entry: 0.0438 - 0.0446
Take Profit: 0.0483 - 0.0599
Stop Loss: 0.0404
Risk to reward: 1:2
Technical Thesis: It seems like SKL is on the verge of breaking out from a falling wedge pattern, indicating a potentially bullish trend. This breakout could lead to an increase in pump lines for SKL. Keep an eye on the charts for...
The price was rejected from monthly resistance MR1 and came back to weekly support WS1. It broke that support for a while but it seems that it is on way to claim it back. This definitely opens the way for the price to again aim for the monthly resistance MR1. If anything goes wrong with this plan and price loses the WS1 zone again then next support we should...
SKL/USDT trade setup:
Entry: $0.269 to $0.288
Stop Loss: $0.243
Targets:
$0.318
$0.342
$0.375
$0.394
Accumulate the dip and use a maximum of 5x to 10x leverage.
Welcome back Traders, Investors, and Community!
Hi Traders, SKLUSDT has been making HHs and HLs and it is ranging around the Bearish Resistance of the Triangle which indicates that it may break above the resistance and goes straight to 0.254
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
Sklusdt is currently in a downtrend channel 🔻which hasn't broken yet and lying in 0.7 fib level. If this coin breaks the downtrend we will be entered in 0.618 fib level which is the important level in fibs. Here we have 0.618 fib as well as breakout 👌 the channel so after that it is likely it will break the resistance 🔥as well. After resistance breaks enter in it...
