Key stats
About SKALE Network
skale wavescurrently coiling in wave 3 targeting .05, then a wave 4 correction with ultimate target .06+
NFA
y axis only
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
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.
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
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.
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.
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.
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.
See all ideas
Curated watchlists where SKLUSD is featured.
Smart contracts: Make the smart decision
40 No. of Symbols
Staking Coins: Pick up a stake
18 No. of Symbols
See all sparks