Currently SKL has been forming a falling wedge for a while now. We have now entered the support cluster area.
We can expect to see a strong bullish trend once we break out of the support cluster area.
💎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...
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...
price break the resistance and trading above it's good time to accumulate small amount of skale token around 0.14200 below
Buy : 0.14200
Stop : 0.11480
Target : 0.15 , 0.158 , 0.165 , 0.18 , 0.2
