Could Skale #SKL do a 50X?It's a scaling solution. It has a big gaming component. It's a low cap. all the ingredients necessary for the possibility of delivering outsize gains.. Let's get to the halfway point and assess the likelihood there. Longby BallaJiUpdated 3319
Its finally happening! (2-3x soon?) SKALE ADOPTION!ITS HAPPENING! Skale is being adopted at a rapid pace. Set up to take a huge chunk of the web3 gaming and in turn nft market. its closest competitors are top 40 projects. (immutable - optimism - etc. ) Watch this 100x this bull... Coming to a theator near you! though on the short quick and dirty end, we are looking at 2-3x, explosively, in the near future. Longby ninjethixUpdated 141416
SKLUSD could be ready to SKALE? (3 Trade setups)Summary: Three potential trade opportunities as long as Bitcoin price action doesn't ruin the show. Story: SKLUSD has been following an upward channel since October 2023 and the recent pullback could be a good buying opportunity to enter or add to your stack. SKLUSD is an active blockchain gaming company that provides fast, gas-free transactions that is constantly engaging in new partnerships. Happy to hear what you all think of this idea. - Possible 11% gain - Price action could pop up the $0.1215 resistance - RSI looks like it could bounce off the yellow dotted horizontal ray or yellow dotted line that identifies RSI lows - Stoch RSI looks like we could see a move to the upside - Possible 30% gain - Price action could pop up to the top of the channel to around $0.14 - RSI looks like it could bounce off the yellow dotted horizontal ray or yellow dotted line that identifies RSI lows - Stoch RSI looks like we could see a bounce off the support red line to the resistance - Ambitious 56% gain - Price action could pop up to the next highest resistance of $0.17 - RSI and Stoch RSI could break the upper resistance line and keep going - If Bitcoin performs well, this definitely happen down the road. - No crypto analysis is complete without correlating it with BTC price action. If BTC can maintain staying above the resistance line it broke through in the triangle formation, we could potentially see a move up to test the ATH - Stoch RSI long look is bullish and as long as we stay above the Stoch RSI support line, good things can happen this year. Notice how the end of the ascending triangle is near the end of the year. Could this be when BTC rips even higher?Longby The_Moon_Lander664
SKL-USD WEEKLY ADAM & EVE CONCEPTIn examining high timeframe setups for SKL on Coinbase, I was initially drawn to the notable trading volume, a key indicator of market interest and potential trend shifts. Upon further analysis, an Adam and Eve pattern emerged on the chart. This classic pattern in technical analysis signals a potential reversal from a downward to an upward trend. It features two parts: the Adam, a sharp and quick V-shaped bottom, and the Eve, a more gradual and rounded U-shaped bottom. The pattern's completion, indicated by a breakout above the resistance level, often suggests a bullish uptrend. For SKL/USD, applying this pattern involves measuring its depth and using this to project a price target from the breakout point. Importantly, on logarithmic charts, it's more effective to use percentage changes rather than absolute dollar values. This approach ensures consistency across different price levels and better aligns with the exponential nature of market movements. In the case of SKL/USD, if the Adam and Eve pattern is confirmed, we'd calculate the pattern's depth in percentage terms. This method offers a nuanced perspective, particularly important in logarithmic chart analysis. Our goal would be to apply this percentage change at the breakout level to determine a future price target. While I'm not claiming expert status, the current scenario suggests two possibilities for SKL/USD: (1) we teleport to the June 2021 Monthly Close over the next few weeks, or (2) we consolidate between $0.04 and $0.12 before (hopefully) pushing to the $0.23 to $0.24 level. I've personally been averaging into a position the last few weeks/months, but I'd like to get some thoughts from the community. What do you see? What am I missing? Always use stop losses! Not financial advice. Cheers :)by seaphossUpdated 337
SKLUSD: WAIT FOR THE OPPORTUNITY (SWING IDEA)Potential 80% swing trade if you wait for the right time and can be patient. Take profits look to be by end of February, and wait to see what's next. Ride the channel like a rodeo, baby. YEEHAAAALongby Bojangles92Updated 554
SKLUSD-Bullish BatNotice the price action during the CD leg. It’s a bearish leg and we can see a swift reversal that occurred upon reaching the 78% retracement of the XA leg. That would be the Bat pattern signal for entering a long trade. Longby cc247114
Skale BearishShort SKL to TP1. If we break horizontal purple support line short to TP2. Use good R:R. NFA -Mr. ZeroDayShortby Mr_ZeroDayUpdated 4
skale wavescurrently coiling in wave 3 targeting .05, then a wave 4 correction with ultimate target .06+ NFA y axis onlyLongby victorcharts10
SKLUSD: 4H Correction occurred within channelAs above. Well so goes BTC, so goes SKL etc. There is a channel that formed and we might see price recover to 0.7 area again but uncertain what it will do after that. I would be cautious to interpret this as a bull flag pattern that is developing until we can confirm breakout of upper trendline with higher volume. Good luck traders! by AmbassadorjUpdated 1
SKL Short 4hr Time FrameSKL Short 4hr Time Frame. R/R Posted. Follow for more ideas. - Mr. ZeroDayShortby Mr_ZeroDayUpdated 112
SKL LongSKL is in a good place to make a long position. Short term price action will dictate the outcome. New bullish trend potentially forming on 4hr Heiken Ashi. Longby alphatrendmark2
SKL recovery ideaIt seems likely that we are going to enter a mini bullish cycle, this will give SKL a chance to break the tight wedge and retrace back down to create a higher low and set the stage for the beginning of the next market cycle. Or should our markets go to hell in a hand basket we have the red scenario as well. More or less just putting this idea down for my own records to look back on Longby thecardiak13
SKL parabolic bullish divergence on chain metricsThis coin is looking extremely oversold while its on chain usage metrics is showing a parabolic growth curve. I would think this should be entering a market repricing shortly as its market cap is only 100mill right now while it has over 12 million transactions per day currently. Longby thecardiak116
BTD...Expecting this to do very well in the short-mid term as I believe we're in a Bullish retrace scenario for many alts and bigger moves are coming.Longby Swoop6224
10c~ Coming...Like previous ideas even if this is a bearish bounce I believe it's going higher - blue reaction lines to tag potential reversal point. Longby Swoop63
Skale/usdtSkale network has bullish divergence on weekly chart also rsi is trying to crossover currently. Looking for a break of .059-.06 for nice run up. Not trading advice just my thoughts do dd before entering.Longby phowe2
Skale in weeklyThis is a very nice chart. And with good project and team. :) Enjoy make somes moneys. Longby YuyuCoyotte117
SkaleNice setup on this chart. Bullish divergence, buy signal. Nice to accumulate here. Let's do it :)Longby YuyuCoyotte7
Accumulation...Another great project which actually has a much needed use case - Layer 2s will play a big part in the multi chain future/helping ETH scale - If you think of Some L1s as a bottleneck to adoption because of their inability to scale and keep up with demand...this is the solution.Longby Swoop6337
SKLUSD - Risk Reward playRisk reward on the chart. Testing out an algorithm I am building.Longby kujiinUpdated 332