SKL is gone be sold for more than a dollar but now it is clearly going to a support which he is not gone go back again. A clear crypto crash is coming ahead and SKL is one of the victms. The fact remains SKL is in a downtrend in the last few days and it is gone be in the upcoming months until it gets to a price of 0.114.
We have another solid triangle pattern that's been building up bullish momentum. Take a look at the acceleration in price (trendlines that are more and more vertical). In the last wave down, it displayed more bullish momentum than some of the other coins. I expect this coin to go up within the next week.
Can see a rough cup/handle forming here with some past price zones showing some accumulation and support levels.
Not advice, SL 18.35 TP1 ~38 TP2 ~45
DiamondHands ~63 - ~82 give it till 28th
Long HODL could see large action into Q3/4
Skale Network (SKLUSD) has been in a parabolic rise the past 7-10 days and since yesterday it broke above both the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line). The move appears to be replicating the massive rally of January - March 2021. So far the Symmetrical Resistance levels of 2021 have been respected during the current run. The next is just...
SKALE (SKL) Opened Long position at .13500...,
First target 100,fib
Second target 134,fib
Third target 200 - 227.2,fib
Fourth target 341,fib
On the 8H;
Using the Monthly Pivots Woodie also as resistance levels.
Currently above 20ma, 55ma, and yearly VWAP, with the 20 ma almost crossing VWAP.
Right now finding resistance at R1 pivot, a break below ma's, VWAP and...
Looking at the long term downtrend (white lines) and the short term lines, SKL hopefully will hold above the green ascending line as BTC finishes it's consolidation. Once the BTC crowd calms down maybe the alts can confidently grow, with SKL primed as a candidate for some major gains. Right now it seems like it's in limbo, but any dips from here most likely will...
Howdy folks, another play I wanted to share
I've opened a position in Skale coin at around 12 cents bc (a) it is looking oversold at these levels, (b) there is chance for upside to 100-500%+, whereas if it dips from here I only temporarily am down 30-50% (I don't actually lose this money unless I sell while down, but with crypto if you hold long enough it will...
Another easy buy here - yes it can go lower and probably will but it won't matter in 12months - Fear is high and people are panic selling...this game is too easy for me...buy buy buy, Will update on targets once a bottom is confirmed.
"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the buyers still there? Enough to absorb the selling power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected...
I'm starting to accumulate here and will buy more if price falls a lot, As title says ditch eth and bet on l2...it's pretty self explanatory. I expect successful L2's to out perform ETH by quite a lot in 2022, WHY? Because L2's will have all the attention and are solving a real problem - the future is multi chain.