SkaleNice setup on this chart.
Bullish divergence, buy signal.
Nice to accumulate here.
Let's do it :)
SKLUSD trade ideas
Accumulation...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.
SKL on the lower trend line SKL moving within channel. Chances of reversal Low-Mid. Possibility to test previous support now resistance level or even an upper trend line. GL
1 Hour RSI Bullish Divergence Could Take us to the 200 Hour SMAWe 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
Accumulation Baby...It's that time again where capitulation is taking over and the majority are rushing to the exits...I'm accumulating.
SKL super cycleSkL 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.
SKLUSD shortSKL 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.
SKL showing great bullish strength 20-30% gain incomingWe 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.
Skale possible retrace for handleCan 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
SKL/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
SKLUSD - Trade Setup.Accumulate SKL between 0.125$-0.11$.
Place Stop Loss (SL) at 0.0897$.
Selling Target 1 : 0.155$.
Target 2 : 0.177$.
Target 3 : 0.195$.
SKLUSD aiming at the All Time Highs!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 above 0.3700. A rejection there, or on the 0.5000 September Resistance, should test the lower MA as a Support. If that holds, expect the test of the 1.35 (roughly) All Time High by June.
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SKALE (SKL) Opened Long position at .13500..., First target 100,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 (P) pivot, may find its way back down to low .0900... levels.
Will move Stop loss at every target Hit, Broke & Retested.
Close half my position at the 200,fib and wait for next buy signal to add more. According buying pressure proceeds.
Not A Financial Adviser, For Entertainment Purposes only!
SKL more movementSeeing 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
Skale Possible Bull Continuation Pattern An impulsive move over .20 can create a wave of buyers pushing back to .45-.50
Pulse of an Asset via Fibonacci: SKL at major Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the buyers still there? Enough to absorb the selling power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity.
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
1 Year to Date- Market in the same spotIts been just one year and the market is in the same spot as it was last year at this very day. a complete 360 and to me a good sign of whats to come-
SKALE could make a jump from hereLooking at the long term downtrend (white lines) and the short term lines, SKL hopefully will hold above the green ascending line as BTC finishes it's consolidation. Once the BTC crowd calms down maybe the alts can confidently grow, with SKL primed as a candidate for some major gains. Right now it seems like it's in limbo, but any dips from here most likely will be very short lived, in my hardly-educated opinion. Good luck and wishing you all success.
SKALE is positioned for lots of upside Howdy folks, another play I wanted to share
I've opened a position in Skale coin at around 12 cents bc (a) it is looking oversold at these levels, (b) there is chance for upside to 100-500%+, whereas if it dips from here I only temporarily am down 30-50% (I don't actually lose this money unless I sell while down, but with crypto if you hold long enough it will rise again)
Three scenarios I see playing out:
1. Price returns to 24 cents
2. Price returns to 35 cents
3. Price rallies past 50 cents
In all of this instances the upside is 100%+
Volume is currently at $24M and rising. Watch out for the volume to continue rising to validate the bull run. Also, this is assuming tomorrow's Fed news doesn't crater markets again!
If you found this valuable, follow for more!
AccumulatingAnother easy buy here - yes it can go lower and probably will but it won't matter in 12months - Fear is high and people are panic selling...this game is too easy for me...buy buy buy, Will update on targets once a bottom is confirmed.
Ditch ETH Bet On L2...I'm starting to accumulate here and will buy more if price falls a lot, As title says ditch eth and bet on l2...it's pretty self explanatory. I expect successful L2's to out perform ETH by quite a lot in 2022, WHY? Because L2's will have all the attention and are solving a real problem - the future is multi chain.
Long SKL/USD Initial Target .50Long Setup
Initial Target: .49-.5
Crypto boom targets: .65, .8, 1.10
Over extension: $2.10
