SKALE NETWORK - SKL/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SKLUSD
ISIN:

SKALE NETWORK - SKL/USD - Daily - Technical analysis published on 02/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 0.050067 USD

My targets

0.058100 USD (+10.04%)

0.064200 USD (+21.59%)

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 0.050067 USD. The buyers' bullish objective is set at 0.058100 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.064200 USD. If there is any crossing, the next objective would be the resistance located at 0.074900 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 0.052800 USD. The price registered a decrease of -0.19% on the session and was traded between 0.052600 USD and 0.054000 USD over the period. The price is currently at +0.38% from its lowest and -2.22% from its highest.

0.052600

0.054000

0.052800

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Abnormal volumes on SKALE NETWORK - SKL/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of SKALE NETWORK - SKL/USD in Daily shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.037100	0.042800	0.052000	0.052800	0.058100	0.064200	0.074900
Change (%)	-29.73%	-18.94%	-1.52%	-	+10.04%	+21.59%	+41.86%
Change	-0.015700	-0.010000	-0.000800	-	+0.005300	+0.011400	+0.022100
Level	Major	Major	Minor	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.041573	0.046987	0.049943	0.055357	0.058313	0.063727	0.066683
Camarilla	0.050598	0.051366	0.052133	0.052900	0.053667	0.054435	0.055202
Woodie	0.040345	0.046373	0.048715	0.054743	0.057085	0.063113	0.065455
Fibonacci	0.046987	0.050184	0.052159	0.055357	0.058554	0.060529	0.063727

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.008223	0.022457	0.039643	0.053877	0.071063	0.085297	0.102483
Camarilla	0.048190	0.051070	0.053950	0.056830	0.059710	0.062590	0.065471
Woodie	0.009700	0.023195	0.041120	0.054615	0.072540	0.086035	0.103960
Fibonacci	0.022457	0.034459	0.041874	0.053877	0.065879	0.073294	0.085297

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	62.34
MACD (12,26,9):	0.0059
Directional Movement:	24.791588
AROON (14):	28.571429
DEMA (21):	0.053742
Parabolic SAR (0,02-0,02-0,2):	0.065227
Elder Ray (13):	0.003925
Super Trend (3,10):	0.039113
Zig ZAG (10):	0.052700
VORTEX (21):	1.1253
Stochastique (14,3,5):	56.79
TEMA (21):	0.056025
Williams %R (14):	-49.05
Chande Momentum Oscillator (20):	0.014900
Repulse (5,40,3):	-6.8810
ROCnROLL:	1
TRIX (15,9):	2.1411
Courbe Coppock:	86.84

MA7:	0.054047
MA20:	0.044617
MA50:	0.034559
MA100:	0.029859
MAexp7:	0.052386
MAexp20:	0.046261
MAexp50:	0.038327
MAexp100:	0.035140
Price / MA7:	-2.31%
Price / MA20:	+18.34%
Price / MA50:	+52.78%
Price / MA100:	+76.83%
Price / MAexp7:	+0.79%
Price / MAexp20:	+14.14%
Price / MAexp50:	+37.76%
Price / MAexp100:	+50.26%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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