The only possibility for SKL to go up would be bitcoin radical burst. Trends are shown in this chart and the most possible best target area is about that yellow resistance level.
as you can see for the plotted brush marks the trend tends to be bearish and succeeded to break the supports so it s going to be bearish for now ELSE the bulls get the power and inject huge amount of money into it (which is unlikely so as the BTC is giving more profit for now and its December so most companies withdraw money) this chart was asked in custom *
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...
SKLUSDT is printing a descending triangle pattern on the 2H timeframe. Sell entry ⬇️ - breakdown below the descending triangle horizontal support. Target 🎯 - fibonacci extension levels / projected descending channel support. Setup invalidation ❌ - breakout above the descending triangle inclined resistance.
SKLUSDT has formed a P pattern and it shows great bull power in the last 2 weeks so its most probable to stays bullish after the P pattern completed
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
Entry Long between 0.087 - 0.097 SL : Under 0.08 TP : 0.12 - 0.14 - 0.16 --- 0.18 ++++ DWYOR
Buy the breakout of the falling wedge Fib levels are targets