SKALE NETWORK - SKL/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	SKLUSD
ISIN:

SKALE NETWORK - SKL/USD - Daily - Technical analysis published on 03/10/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

61%

22%

My opinion

Bearish under 0.037087 USD

My targets

0.032600 USD (-11.17%)

0.028100 USD (-23.43%)

My analysis

The current short-term bearish acceleration registered on SKALE NETWORK - SKL/USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 0.037087 USD. Short-term sellers will use the support located at 0.032600 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 0.028100 USD. Crossing this support would then open the door for sellers to target 0.019800 USD. Caution, if there is a return to below 0.037087 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.

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

Force

3.2

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 0.036700 USD. On the day, this instrument gained +3.97% and was between 0.034500 USD and 0.036700 USD. This implies that the price is at +6.38% from its lowest and at 0% from its highest.

0.034500

0.036700

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

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

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

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

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this Daily chart of SKALE NETWORK - SKL/USD indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

White hanging man / hammer

Type : Neutral

Timeframe : Daily

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.019800	0.028100	0.032600	0.036700	0.037083	0.042800	0.052000
Change (%)	-46.05%	-23.43%	-11.17%	-	+1.04%	+16.62%	+41.69%
Change	-0.016900	-0.008600	-0.004100	-	+0.000383	+0.006100	+0.015300
Level	Intermediate	Minor	Minor	-	Major	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.027667	0.031233	0.033267	0.036833	0.038867	0.042433	0.044467
Camarilla	0.033760	0.034273	0.034787	0.035300	0.035813	0.036327	0.036840
Woodie	0.026900	0.030850	0.032500	0.036450	0.038100	0.042050	0.043700
Fibonacci	0.031233	0.033373	0.034694	0.036833	0.038973	0.040294	0.042433

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.027017	0.033473	0.037087	0.043543	0.047157	0.053613	0.057227
Camarilla	0.037931	0.038854	0.039777	0.040700	0.041623	0.042546	0.043469
Woodie	0.025595	0.032763	0.035665	0.042833	0.045735	0.052903	0.055805
Fibonacci	0.033473	0.037320	0.039697	0.043543	0.047390	0.049767	0.053613

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.000547	0.016127	0.034763	0.051437	0.070073	0.086747	0.105383
Camarilla	0.043690	0.046927	0.050163	0.053400	0.056637	0.059874	0.063110
Woodie	0.000435	0.016618	0.035745	0.051928	0.071055	0.087238	0.106365
Fibonacci	0.016127	0.029615	0.037948	0.051437	0.064925	0.073258	0.086747

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):	37.67
MACD (12,26,9):	-0.0018
Directional Movement:	-3.625639
AROON (14):	-85.714286
DEMA (21):	0.043309
Parabolic SAR (0,02-0,02-0,2):	0.056630
Elder Ray (13):	-0.007550
Super Trend (3,10):	0.049947
Zig ZAG (10):	0.036000
VORTEX (21):	0.8346
Stochastique (14,3,5):	3.33
TEMA (21):	0.038423
Williams %R (14):	-95.19
Chande Momentum Oscillator (20):	-0.024800
Repulse (5,40,3):	-10.8459
ROCnROLL:	2
TRIX (15,9):	0.2981
Courbe Coppock:	57.62

MA7:	0.039314
MA20:	0.048475
MA50:	0.041721
MA100:	0.032879
MAexp7:	0.039708
MAexp20:	0.044158
MAexp50:	0.041575
MAexp100:	0.038069
Price / MA7:	-6.65%
Price / MA20:	-24.29%
Price / MA50:	-12.03%
Price / MA100:	+11.62%
Price / MAexp7:	-7.58%
Price / MAexp20:	-16.89%
Price / MAexp50:	-11.73%
Price / MAexp100:	-3.60%

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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