Skale 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.
This is a very nice chart. And with good project and team. :) Enjoy make somes moneys.
Nice setup on this chart. Bullish divergence, buy signal. Nice to accumulate here. Let's do it :)
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.
Risk reward on the chart. Testing out an algorithm I am building.
SKL moving within channel. Chances of reversal Low-Mid. Possibility to test previous support now resistance level or even an upper trend line. GL
We have Bullish Divergence on the 1 Hour RSI bwith a Shortening of the Thrust of Downward Price Action, it looks like this could be the start of a potential reversal atleast to test the 200 SMA
It's that time again where capitulation is taking over and the majority are rushing to the exits...I'm accumulating.
SkL super cycle will be come. The market expectations for L2 ( Sidechain & ZK Rollup ) are very high, so I think it will show a good image soon. Don't forget patience is the key.
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
Accumulate SKL between 0.125$-0.11$. Place Stop Loss (SL) at 0.0897$. Selling Target 1 : 0.155$. Target 2 : 0.177$. Target 3 : 0.195$.
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...
Seeing this triangle in short term and possibly breaking a large 4hr triangle you guys can try to chart out yourself Also event and v2 soon
An impulsive move over .20 can create a wave of buyers pushing back to .45-.50