SKALE - SKL/USD - 1H - Technical analysis published on 07/31/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 0.057800 USD
My targets
0.065633 USD (+8.65%)
0.072867 USD (+20.62%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SKALE NETWORK - SKL/USD as long as the price remains well above 0.057800 USD. The buyers' bullish objective is set at 0.065633 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.072867 USD. If there is any crossing, the next objective would be the resistance located at 0.110179 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SKALE NETWORK - SKL/USD price is 0.060410 USD. The price has increased by +3.44% since the last closing and was between 0.058400 USD and 0.060500 USD. This implies that the price is at +3.44% from its lowest and at -0.15% from its highest.0.058400
0.060500
0.060410
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SKALE NETWORK - SKL/USD:
Technical
A technical analysis in 1H of this SKALE NETWORK - SKL/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.053700 | 0.056767 | 0.057800 | 0.060410 | 0.110179 | 0.162311 | 0.302400 |
| Change (%) | -11.11% | -6.03% | -4.32% | - | +82.39% | +168.68% | +400.58% |
| Change | -0.006710 | -0.003643 | -0.002610 | - | +0.049769 | +0.101901 | +0.241990 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.048267 | 0.051933 | 0.055167 | 0.058833 | 0.062067 | 0.065733 | 0.068967 |
| Camarilla | 0.056503 | 0.057135 | 0.057768 | 0.058400 | 0.059033 | 0.059665 | 0.060298 |
| Woodie | 0.048050 | 0.051825 | 0.054950 | 0.058725 | 0.061850 | 0.065625 | 0.068750 |
| Fibonacci | 0.051933 | 0.054569 | 0.056198 | 0.058833 | 0.061469 | 0.063098 | 0.065733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030433 | 0.037667 | 0.048033 | 0.055267 | 0.065633 | 0.072867 | 0.083233 |
| Camarilla | 0.053560 | 0.055173 | 0.056787 | 0.058400 | 0.060013 | 0.061627 | 0.063240 |
| Woodie | 0.032000 | 0.038450 | 0.049600 | 0.056050 | 0.067200 | 0.073650 | 0.084800 |
| Fibonacci | 0.037667 | 0.044390 | 0.048544 | 0.055267 | 0.061990 | 0.066144 | 0.072867 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019280 | 0.031640 | 0.039670 | 0.052030 | 0.060060 | 0.072420 | 0.080450 |
| Camarilla | 0.042093 | 0.043962 | 0.045831 | 0.047700 | 0.049569 | 0.051438 | 0.053307 |
| Woodie | 0.017115 | 0.030558 | 0.037505 | 0.050948 | 0.057895 | 0.071338 | 0.078285 |
| Fibonacci | 0.031640 | 0.039429 | 0.044241 | 0.052030 | 0.059819 | 0.064631 | 0.072420 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.49 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | -0.318956 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.060202 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.061410 | |
| Elder Ray (13): | -0.000796 | |
| Super Trend (3,10): | 0.057755 | |
| Zig ZAG (10): | 0.058600 | |
| VORTEX (21): | 1.1152 | |
| Stochastique (14,3,5): | 20.16 | |
| TEMA (21): | 0.059514 | |
| Williams %R (14): | -83.16 | |
| Chande Momentum Oscillator (20): | -0.002300 | |
| Repulse (5,40,3): | -1.0351 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2385 | |
| Courbe Coppock: | 0.01 |
| MA7: | 0.053371 | |
| MA20: | 0.051655 | |
| MA50: | 0.051222 | |
| MA100: | 0.076783 | |
| MAexp7: | 0.059037 | |
| MAexp20: | 0.059210 | |
| MAexp50: | 0.057437 | |
| MAexp100: | 0.055361 | |
| Price / MA7: | +13.19% | |
| Price / MA20: | +16.95% | |
| Price / MA50: | +17.94% | |
| Price / MA100: | -21.32% | |
| Price / MAexp7: | +2.33% | |
| Price / MAexp20: | +2.03% | |
| Price / MAexp50: | +5.18% | |
| Price / MAexp100: | +9.12% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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