SKALE NETWORK - SKL/USD - 1H - Technical analysis published on 02/05/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 0.038690 USD
My targets
0.040300 USD (+2.05%)
0.042800 USD (+8.38%)
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 0.038690 USD. The buyers' bullish objective is set at 0.040300 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.042800 USD. If there is any crossing, the next objective would be the resistance located at 0.052000 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
SKALE NETWORK - SKL/USD rating 0.039490 USD. The price registered a decrease of -0.03% on the session with the lowest point at 0.037320 USD and the highest point at 0.040900 USD. The deviation from the price is +5.81% for the low point and -3.45% for the high point.0.037320
0.040900
0.039490
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
Here is a more detailed summary of the historical variations registered by SKALE NETWORK - SKL/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SKALE NETWORK - SKL/USD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.033503 | 0.037014 | 0.038690 | 0.039490 | 0.040300 | 0.042800 | 0.052000 |
| Change (%) | -15.16% | -6.27% | -2.03% | - | +2.05% | +8.38% | +31.68% |
| Change | -0.005987 | -0.002476 | -0.000800 | - | +0.000810 | +0.003310 | +0.012510 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.036500 | 0.037700 | 0.038600 | 0.039800 | 0.040700 | 0.041900 | 0.042800 |
| Camarilla | 0.038923 | 0.039115 | 0.039308 | 0.039500 | 0.039693 | 0.039885 | 0.040078 |
| Woodie | 0.036350 | 0.037625 | 0.038450 | 0.039725 | 0.040550 | 0.041825 | 0.042650 |
| Fibonacci | 0.037700 | 0.038502 | 0.038998 | 0.039800 | 0.040602 | 0.041098 | 0.041900 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.026333 | 0.029567 | 0.034533 | 0.037767 | 0.042733 | 0.045967 | 0.050933 |
| Camarilla | 0.037245 | 0.037997 | 0.038748 | 0.039500 | 0.040252 | 0.041003 | 0.041755 |
| Woodie | 0.027200 | 0.030000 | 0.035400 | 0.038200 | 0.043600 | 0.046400 | 0.051800 |
| Fibonacci | 0.029567 | 0.032699 | 0.034634 | 0.037767 | 0.040899 | 0.042834 | 0.045967 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004133 | 0.011867 | 0.023233 | 0.030967 | 0.042333 | 0.050067 | 0.061433 |
| Camarilla | 0.029348 | 0.031098 | 0.032849 | 0.034600 | 0.036351 | 0.038102 | 0.039853 |
| Woodie | 0.005950 | 0.012775 | 0.025050 | 0.031875 | 0.044150 | 0.050975 | 0.063250 |
| Fibonacci | 0.011867 | 0.019163 | 0.023671 | 0.030967 | 0.038263 | 0.042771 | 0.050067 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.52 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -7.375700 | |
| AROON (14): | 21.428572 | |
| DEMA (21): | 0.039375 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.037654 | |
| Elder Ray (13): | -0.000220 | |
| Super Trend (3,10): | 0.040462 | |
| Zig ZAG (10): | 0.039100 | |
| VORTEX (21): | 0.9344 | |
| Stochastique (14,3,5): | 56.24 | |
| TEMA (21): | 0.039268 | |
| Williams %R (14): | -47.49 | |
| Chande Momentum Oscillator (20): | -0.000100 | |
| Repulse (5,40,3): | -1.1176 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0115 | |
| Courbe Coppock: | 0.54 |
| MA7: | 0.037371 | |
| MA20: | 0.035115 | |
| MA50: | 0.027899 | |
| MA100: | 0.028401 | |
| MAexp7: | 0.039298 | |
| MAexp20: | 0.039402 | |
| MAexp50: | 0.039172 | |
| MAexp100: | 0.038441 | |
| Price / MA7: | +5.67% | |
| Price / MA20: | +12.46% | |
| Price / MA50: | +41.55% | |
| Price / MA100: | +39.04% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +2.73% |
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.
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