SKLUSDT.P trade ideas
SKL Short baby!SKL Has been in a 40 days uptrend as my friend Harsh mentioned and looking at its current price action rally as well as taking into account about the local Support and resistance it has given out a nice short oppurtinity to continue in the channel pattern!
SKLUSDT bullish setup High 0.40816 so far, touched 200 daily moving average and retrace back to 200 daily EMA. Also came back within ascending triangle area and ready to move back to 200 daily moving average. Might face miner resistance around 0.36 – 0.365 area and you can book some profit there. Overall price is ready to test 200 DMA again.
All major resistances and support area are given so trade accordingly.
Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and happy trading!
Skale on Verge Of potential breakoutskale has been in a descending channel for over 3 to 4 months now And potential forming a inverse head and shoulder while also forming a ascending channel. I think the breakout will happen very soon if we break 0.38 cents we could easily go to 0.43 cents then blast to the inverse head and shoulders target to 0.54 cents then breaking the descending channel taking us up to about 0.88 cents But This inverse and shoulders is not for certain and we could get rejected at 0.38 to 0.43 cent level
SKALE Network SKLUSDT - Falling wedge-SKALE Network - Rank #142 is forming falling wedge pattern, which is currently breaking up!
-First target is all time high, that is an only resistance on the way up.
-Of course, we can go much higher, but for now stick with this resistance.
-0.618 FIB golden pocket support acted as major support in the past.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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SKLUSDTSKLUSDT looking moon completed first immpulse and second corrective wave now looking for third mega wave impulse to the upside to the moon
SKLUSDT is creating a descending channel SKLUSDT is creating a descending channel below the weekly resistance. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
#SKLUSDTPERPSKL failed to pass the trend line again , so the path will be the same as I predicted !!
Patience is the key guys
SKLUSDT - Skale Network is coming backI have only used fundamental analysis in this chart and my recent Bitcoin analysis has made me consider giving you this great idea. This week will be the decisive week of Bitcoin weekly with a number of indicators that have a very high probability of giving good signals. This is one of those coins that last season a lot of people held and then left it, which was the decisive factor that made this retest be perfect.
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
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$SKLUSDT UPDATE!!!!Hi Traders,
$SKL has popped up on our radar and is looking set to create a cup and handle with plenty of room to run into.
Theres two points of completion to the structure, these can be seen on our chart.
Great opportunity to make some unreal profit.
Thanks
MS
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SKL NEEDS A STRONG PUSH TO SMASH THROUGH THESE RESISTANCE ZONESSKALE NETWORK has recently reached an important milestone. Dapps are now officially building on SKALE, and it is an official bridge to the ETHEREUM blockchain. SKALE intends to improve efficiency on the ETHEREUM blockchain and reduce transaction fees.
Technically speaking, the trend line in black has proved to be a stubborn resistance and hammered the price action down throughout the past three months. SKL needs to gather all the strength it can muster to break through this resistance. Also, I can see the possibility of a parabola developing. The possibility of golden crosses between EMA50 & EMA100 and MA50 & MA100 speaks of a bright future ahead. MACD is posing a divergence in the positive zone. However, RSI is on the verge of entering the overbought zone. Volume is gradually picking up. I suspect that something massive is brewing.
#SKLUSDTPERPSKL didn't confirm yesterday so fell down under the trend line
But still in an upward channel
If the channel break downward then 200MA can hold it and make a reverse head and shoulders pattern , then break the trend line !!
I say it again , If the 200MA hold it !!!
( Patience is the key )
Short-Term Bearish Position.A while back i spotted a Bullish Bat on this asset and began buying and since then we have seen a lot of upside but now on the short term i think we will be seeing a moderate bearish reversal and i will be going short taking some profits on some of my bullish position.
#SKLUSDTPERPSKL is about to break out in 4h time frame
Patience is the key if the volume increase !!
SKL100 trades crypto series
Starting date: 9/August/2021
Day 4
Starting capital: $500
Capital at present: $700
Trade nr. 18
(all trading ideas in the series with commentary and outcome can be found on my profile)
BULLISH VIEW:
Back above lower line of fair value price
BEARISH VIEW:
Resumption of a prevailing short term bear trend
Conclusion:
Exited prematurely, not even S/L was hit (sticking to the plan especially on a bull run on a bigger time frame.
SKLUSDT is testing the weekly resistance 🦐SKLUSDT is testing the weekly resistance. IF the price will have a breakout from the resistance and turn to new support, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
SKLUSDT breakoutSKL breakout from resistance, now wait for the confirmation and enter long position . Everything is given in chart
Disclaimer: Not a financial advise. This is purely for educational purposes. Good luck and happy trading!
SKL100 trades crypto series
Day 2
Starting capital: $500
Capital at present: $526
Trades made - 8
BULL:
-Another leg up likely after strong breakout
BEAR:
-tight trading range on 5min - hard to make money
-possibility of deeper retracement to 0.328 or 50% before resuming
skunk stop (stop/loss is way too tight and furthermore, position is way too big. Unjustified stop loss means more risk. It is a low probability bet.
