SKALE NETWORK - SKL/USD - 15 min. - Technical analysis published on 03/23/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.038770 USD
My targets
0.040530 USD (+1.07%)
0.043060 USD (+7.38%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on SKALE NETWORK - SKL/USD as long as the price remains well above 0.038770 USD. The buyers' bullish objective is set at 0.040530 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.043060 USD. If there is any crossing, the next objective would be the resistance located at 0.044820 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SKALE NETWORK - SKL/USD rating is 0.040100 USD. On the day, this instrument gained +5.53% and was between 0.037900 USD and 0.040300 USD. This implies that the price is at +5.80% from its lowest and at -0.50% from its highest.0.037900
0.040300
0.040100
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of SKALE NETWORK - SKL/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish doji star
Type : Bearish
Timeframe : 15 minutes
White marubozu
Type : Bullish
Timeframe : 15 minutes
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.037010 | 0.038310 | 0.039540 | 0.040100 | 0.042189 | 0.044790 | 0.046640 |
| Change (%) | -7.71% | -4.46% | -1.40% | - | +5.21% | +11.70% | +16.31% |
| Change | -0.003090 | -0.001790 | -0.000560 | - | +0.002089 | +0.004690 | +0.006540 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.031950 | 0.034480 | 0.036240 | 0.038770 | 0.040530 | 0.043060 | 0.044820 |
| Camarilla | 0.036820 | 0.037214 | 0.037607 | 0.038000 | 0.038393 | 0.038787 | 0.039180 |
| Woodie | 0.031565 | 0.034288 | 0.035855 | 0.038578 | 0.040145 | 0.042868 | 0.044435 |
| Fibonacci | 0.034480 | 0.036119 | 0.037131 | 0.038770 | 0.040409 | 0.041421 | 0.043060 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022827 | 0.028913 | 0.035807 | 0.041893 | 0.048787 | 0.054873 | 0.061767 |
| Camarilla | 0.039131 | 0.040320 | 0.041510 | 0.042700 | 0.043890 | 0.045080 | 0.046270 |
| Woodie | 0.023230 | 0.029115 | 0.036210 | 0.042095 | 0.049190 | 0.055075 | 0.062170 |
| Fibonacci | 0.028913 | 0.033872 | 0.036935 | 0.041893 | 0.046852 | 0.049915 | 0.054873 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.000547 | 0.016127 | 0.034763 | 0.051437 | 0.070073 | 0.086747 | 0.105383 |
| Camarilla | 0.043690 | 0.046927 | 0.050163 | 0.053400 | 0.056637 | 0.059874 | 0.063110 |
| Woodie | 0.000435 | 0.016618 | 0.035745 | 0.051928 | 0.071055 | 0.087238 | 0.106365 |
| Fibonacci | 0.016127 | 0.029615 | 0.037948 | 0.051437 | 0.064925 | 0.073258 | 0.086747 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 63.94 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 17.808134 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.038907 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.038200 | |
| Elder Ray (13): | 0.000704 | |
| Super Trend (3,10): | 0.038522 | |
| Zig ZAG (10): | 0.039700 | |
| VORTEX (21): | 0.9552 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 0.038874 | |
| Williams %R (14): | -5.88 | |
| Chande Momentum Oscillator (20): | 0.000600 | |
| Repulse (5,40,3): | 2.4510 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0103 | |
| Courbe Coppock: | 0.38 |
| MA7: | 0.041486 | |
| MA20: | 0.040550 | |
| MA50: | 0.044105 | |
| MA100: | 0.034734 | |
| MAexp7: | 0.039260 | |
| MAexp20: | 0.038879 | |
| MAexp50: | 0.038860 | |
| MAexp100: | 0.038992 | |
| Price / MA7: | -3.34% | |
| Price / MA20: | -1.11% | |
| Price / MA50: | -9.08% | |
| Price / MA100: | +15.45% | |
| Price / MAexp7: | +2.14% | |
| Price / MAexp20: | +3.14% | |
| Price / MAexp50: | +3.19% | |
| Price / MAexp100: | +2.84% |
Quotes :
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Real time data
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