SKALE - SKL/USD - 1H - Technical analysis published on 12/06/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.027500 USD
My targets
0.026700 USD (-1.11%)
0.026303 USD (-2.58%)
My analysis
There is a bearish trend on SKALE NETWORK - SKL/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 0.027500 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 0.026700 USD. Then the price could move towards 0.026303 USD. Then 0.025100 USD by extension. Be careful, a return to above the resistance 0.027500 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish 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 0.027000 USD. On the day, this instrument lost -2.17% and was between 0.027000 USD and 0.028200 USD. This implies that the price is at 0% from its lowest and at -4.26% from its highest.0.027000
0.028200
0.027000
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of SKALE NETWORK - SKL/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.025100 | 0.026303 | 0.026700 | 0.027000 | 0.027013 | 0.027500 | 0.028100 |
| Change (%) | -7.04% | -2.58% | -1.11% | - | +0.05% | +1.85% | +4.07% |
| Change | -0.001900 | -0.000697 | -0.000300 | - | +0.000013 | +0.000500 | +0.001100 |
| Level | Minor | Minor | Intermediate | - | Minor | 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 | 0.026167 | 0.026533 | 0.027067 | 0.027433 | 0.027967 | 0.028333 | 0.028867 |
| Camarilla | 0.027353 | 0.027435 | 0.027518 | 0.027600 | 0.027683 | 0.027765 | 0.027848 |
| Woodie | 0.026250 | 0.026575 | 0.027150 | 0.027475 | 0.028050 | 0.028375 | 0.028950 |
| Fibonacci | 0.026533 | 0.026877 | 0.027090 | 0.027433 | 0.027777 | 0.027990 | 0.028333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021940 | 0.023520 | 0.025310 | 0.026890 | 0.028680 | 0.030260 | 0.032050 |
| Camarilla | 0.026173 | 0.026482 | 0.026791 | 0.027100 | 0.027409 | 0.027718 | 0.028027 |
| Woodie | 0.022045 | 0.023573 | 0.025415 | 0.026943 | 0.028785 | 0.030313 | 0.032155 |
| Fibonacci | 0.023520 | 0.024807 | 0.025603 | 0.026890 | 0.028177 | 0.028973 | 0.030260 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.001893 | 0.010803 | 0.019307 | 0.032003 | 0.040507 | 0.053203 | 0.061707 |
| Camarilla | 0.021980 | 0.023923 | 0.025867 | 0.027810 | 0.029753 | 0.031697 | 0.033640 |
| Woodie | -0.003990 | 0.009755 | 0.017210 | 0.030955 | 0.038410 | 0.052155 | 0.059610 |
| Fibonacci | 0.010803 | 0.018902 | 0.023905 | 0.032003 | 0.040102 | 0.045105 | 0.053203 |
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): | 38.91 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -5.457335 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.027515 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.028200 | |
| Elder Ray (13): | -0.000447 | |
| Super Trend (3,10): | 0.027961 | |
| Zig ZAG (10): | 0.027000 | |
| VORTEX (21): | 1.1207 | |
| Stochastique (14,3,5): | 26.67 | |
| TEMA (21): | 0.027561 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.000300 | |
| Repulse (5,40,3): | -0.4612 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0304 | |
| Courbe Coppock: | 2.07 |
| MA7: | 0.027430 | |
| MA20: | 0.026566 | |
| MA50: | 0.031220 | |
| MA100: | 0.036456 | |
| MAexp7: | 0.027459 | |
| MAexp20: | 0.027482 | |
| MAexp50: | 0.027485 | |
| MAexp100: | 0.027459 | |
| Price / MA7: | -1.57% | |
| Price / MA20: | +1.63% | |
| Price / MA50: | -13.52% | |
| Price / MA100: | -25.94% | |
| Price / MAexp7: | -1.67% | |
| Price / MAexp20: | -1.75% | |
| Price / MAexp50: | -1.76% | |
| Price / MAexp100: | -1.67% |
Quotes :
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Real time data
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Cryptocompare
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