SKALE NETWORK - SKL/USD - 1H - Technical analysis published on 10/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.021299 USD
My targets
0.022000 USD (+1.38%)
0.022200 USD (+2.30%)
My analysis
The bullish trend is currently very strong on SKALE NETWORK - SKL/USD. As long as the price remains above the support at 0.021299 USD, you could try to benefit from the boom. The first bullish objective is located at 0.022000 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.022200 USD as an objective. Crossing it would then enable buyers to target 0.023650 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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Additional analysis
Quotes
The SKALE NETWORK - SKL/USD rating is 0.021700 USD. On the day, this instrument gained +2.84% and was between 0.021094 USD and 0.021899 USD. This implies that the price is at +2.87% from its lowest and at -0.91% from its highest.0.021094
0.021899
0.021700
A study of price movements over other periods shows the following variations:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of SKALE NETWORK - SKL/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.020800 | 0.021299 | 0.021600 | 0.021700 | 0.022000 | 0.022200 | 0.023650 |
| Change (%) | -4.15% | -1.85% | -0.46% | - | +1.38% | +2.30% | +8.99% |
| Change | -0.000900 | -0.000401 | -0.000100 | - | +0.000300 | +0.000500 | +0.001950 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019800 | 0.020300 | 0.020700 | 0.021200 | 0.021600 | 0.022100 | 0.022500 |
| Camarilla | 0.020853 | 0.020935 | 0.021018 | 0.021100 | 0.021183 | 0.021265 | 0.021348 |
| Woodie | 0.019750 | 0.020275 | 0.020650 | 0.021175 | 0.021550 | 0.022075 | 0.022450 |
| Fibonacci | 0.020300 | 0.020644 | 0.020856 | 0.021200 | 0.021544 | 0.021756 | 0.022100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.017633 | 0.018767 | 0.019933 | 0.021067 | 0.022233 | 0.023367 | 0.024533 |
| Camarilla | 0.020468 | 0.020678 | 0.020889 | 0.021100 | 0.021311 | 0.021522 | 0.021733 |
| Woodie | 0.017650 | 0.018775 | 0.019950 | 0.021075 | 0.022250 | 0.023375 | 0.024550 |
| Fibonacci | 0.018767 | 0.019645 | 0.020188 | 0.021067 | 0.021945 | 0.022488 | 0.023367 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015099 | 0.017500 | 0.019899 | 0.022300 | 0.024699 | 0.027100 | 0.029499 |
| Camarilla | 0.020979 | 0.021419 | 0.021859 | 0.022299 | 0.022739 | 0.023179 | 0.023619 |
| Woodie | 0.015099 | 0.017500 | 0.019899 | 0.022300 | 0.024699 | 0.027100 | 0.029499 |
| Fibonacci | 0.017500 | 0.019333 | 0.020466 | 0.022300 | 0.024133 | 0.025266 | 0.027100 |
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): | 72.10 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 26.946704 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.021563 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.021179 | |
| Elder Ray (13): | 0.000328 | |
| Super Trend (3,10): | 0.021287 | |
| Zig ZAG (10): | 0.021800 | |
| VORTEX (21): | 1.1139 | |
| Stochastique (14,3,5): | 91.80 | |
| TEMA (21): | 0.021588 | |
| Williams %R (14): | -12.17 | |
| Chande Momentum Oscillator (20): | 0.000500 | |
| Repulse (5,40,3): | 1.0965 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0528 | |
| Courbe Coppock: | 0.81 |
| MA7: | 0.020971 | |
| MA20: | 0.021570 | |
| MA50: | 0.021978 | |
| MA100: | 0.024243 | |
| MAexp7: | 0.021583 | |
| MAexp20: | 0.021405 | |
| MAexp50: | 0.021193 | |
| MAexp100: | 0.021054 | |
| Price / MA7: | +3.48% | |
| Price / MA20: | +0.60% | |
| Price / MA50: | -1.26% | |
| Price / MA100: | -10.49% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +1.38% | |
| Price / MAexp50: | +2.39% | |
| Price / MAexp100: | +3.07% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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