Exit the SKLUSDT from a decreasing triangleExit the SKLUSDT from a decreasing triangle. The RSI value is suitable for the long position. The targets are 61.8% Fibonacci Projection (about 90 cents) and 100% (about $ 1.3).
SKLUSDT trade ideas
SKLUSDT Triangle Breakout-36% Potential*Not financial advice*
SKL formed a triangle with support at 0.50$, followed by a breakout. A short-term TP of 0.85$ with support at 0.65$ is expected.
SKL/USDT goes higher!RSI looks strong.
15 minute chart shows double bottom as Highley on chart.
Strength was seen in this pair yesterday. Can it continue going into the European session and American session after this consolidation.
This is not financial advice.
🔥 SKL Triangle BreakoutAfter getting some crazy momentum a couple of weeks ago, SKL has seen a long period of losses/consolidation, losing almost 60% of its value in the process.
Yesterday, SKL finally breached this bearish period by breaking out of the triangle on the upper side, potentially starting a new bullish period.
Before entering, I'd wait for a small pull-back.
Happy trading!
SKL/USDT - Potential to reach 1.46Just a prevision of what could happen if SKL/USDT breaks.
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SKL Trend analysisSKALE's memont my really great graphic looks very ripe... BB is extremely stuck again and will explode to one side my idea is that an upward blast
SKL bullish patternSo, we have a falling wedge pattern here and it gives us this target. you could buy here or wait for the retest after breakout for more confirmation (top of the yellow line).
I marked the stoploss with the small red line and the target with the orange line.
SKL Triangle Break out Confirmed SKL Triangle break out confirmed and is going to pump over 100% in coming days.
Reasons:
1. Triangle break out with high volume
2. Perfect support Zone that is Marked in the analysis
3. Most of Indicators are in over sold zone and are returning
4. Good news until end of month (See on coinmarketcal)
SKL/USDT open long up to resistance!Has been consolidating and finding room for an extended period of time. This crypto in my view is about to extend short term gains to the target price of 0.70. From there we will either see a rejection or a push higher. For now the SL and TP are set.
MACD shows the potential rise up further is on the cards. Carefully monitoring this trade.
This is not financial advice.
SKL/USDTSometimes you should step back to see the big picture, this is what I’m expecting from SKL. On the daily chart, it’s trying to break the yellow trend line now. The green line will be my entry point, the red line is so close to my entry point, but I think it will never touch the red line. So this is a finely-tuned chart and I wanna find the dippest possible entry point, let’s see what will happen...
SKL (SKALE Network) Token Analysis 24/03/2021Fundamentals:
SKALE is described as an elastic network that’s designed to bring scalability to Ethereum. As well as boosting transaction capacity, the decentralized project aims to reduce latency and ensure that payments can be made as cheaply as possible.
The project’s website says it wants to enable people to build and run DApps in a “decentralized modular cloud built for real-world needs and configured for your requirements.” This emphasis on decentralization isn’t at the expense of security.
According to SKALE, those who build on this platform can run Solidity smart contracts “thousands of times faster at a fraction of the mainnet cost” — with games and content streaming services among the projects that already take advantage of its infrastructure.
SKALE Network is geared towards improving both security and decentralization of Ethereum-based apps.
Token holders on the SKALE Network are incentivized and earn rewards by helping to improve the scalability and security of the platform by serving as validators.
The SKALE Network was the first project to launch a token on ConsenSys Codefi’s Activate platform — which is “designed to launch decentralized networks and allow customers to purchase, manage and use their tokens — all in one application.” Activate was designed to create new standards for the distribution of utility tokens, and ensure that networks are fully usable as soon as tokens are sold. It’s hoped that this approach will help clean up the appearance of the initial coin offering sector, which has been susceptible to scams in recent years.
By launching a token that meets regulatory standards, SKALE is intending its token to be widely adopted and avoid any fraudulent activity.
Ethereum is typically slow to verify and authorize transactions. Using SKALE Network greatly improves the speed at which Ethereum verifies transactions as SKALE can operate much faster and run up to a maximum of 2,000 transactions per second per chain, according to the team.
SKALE Network was founded by Jack O’Holleran and Stan Kladko, both of whom have vast experience across the software industry.
O’Holleran — the co-founder and chief executive of SKALE — is a technology entrepreneur who specializes in blockchain and decentralized systems. He continues to hold a strategic advisor role at Aktana, the life sciences company he co-founded in 2008.
According to his LinkedIn profile, O’Holleran began the early stages of his career as an account executive at Good Technology. He spent two years there before joining Motorola’s business development and product strategy division.
Kladko spent many years obtaining a PhD in physics prior to co-founding SKALE, and worked for 16 years as a technology executive in San Francisco’s Silicon Valley.
He has co-founded several other companies, including Galactic Exchange and Cloudessa.
Technical Analysis:
this token has done its initializations and volume accumulations phase twice earlier and now it is on the move up,
there are total of 3 Targets defined with Fibonacci Projection where as we get the 3 TPs confirmation as the price triggers the 2 TP with impulsion, followed by some price correction.
SKALE TO THE MOON ???After the Coinbase listing hype, SKL has looked like it has formed at bottom at a support area. There looks to be future upside with this asset.
SKL - It will go to ATH again!Here's a quick look at SKL 4 hr chart. As we can see the price broke out from the bull pennant and did a retest and then broke through resistance. The next area of resistance is around 0.8$.
The idea is: Buy the retest of the level shown in the chart, and if it does not retest then buy the breakout from the are shown in the chart. Take profits at the level shown in the chart.
Targets:
1. 0.86$
2. 0.94$
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BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
