SKALE NETWORK - SKL/USD - 1H - Technical analysis published on 03/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 0.037083 USD
My targets
0.034800 USD (-4.92%)
0.032600 USD (-10.93%)
My analysis
The bearish trend is currently very strong for SKALE NETWORK - SKL/USD. As long as the price remains below the resistance at 0.037083 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.034800 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.032600 USD as an objective. Crossing it would then enable sellers to target 0.028100 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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Additional analysis
Quotes
SKALE NETWORK - SKL/USD rating 0.036600 USD. On the day, this instrument gained +3.68% and was traded between 0.034500 USD and 0.037000 USD over the period. The price is currently at +6.09% from its lowest and -1.08% from its highest.0.034500
0.037000
0.036600
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 SKALE NETWORK - SKL/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.028100 | 0.032600 | 0.034800 | 0.036600 | 0.037083 | 0.039958 | 0.042800 |
| Change (%) | -23.22% | -10.93% | -4.92% | - | +1.32% | +9.17% | +16.94% |
| Change | -0.008500 | -0.004000 | -0.001800 | - | +0.000483 | +0.003358 | +0.006200 |
| Level | Minor | Minor | Intermediate | - | Major | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.25 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -8.633830 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.035669 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.037447 | |
| Elder Ray (13): | 0.000363 | |
| Super Trend (3,10): | 0.037379 | |
| Zig ZAG (10): | 0.036500 | |
| VORTEX (21): | 0.8645 | |
| Stochastique (14,3,5): | 33.47 | |
| TEMA (21): | 0.035333 | |
| Williams %R (14): | -60.78 | |
| Chande Momentum Oscillator (20): | -0.002400 | |
| Repulse (5,40,3): | 1.9084 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3402 | |
| Courbe Coppock: | 18.29 |
| MA7: | 0.039386 | |
| MA20: | 0.048525 | |
| MA50: | 0.041741 | |
| MA100: | 0.032889 | |
| MAexp7: | 0.036089 | |
| MAexp20: | 0.036813 | |
| MAexp50: | 0.038151 | |
| MAexp100: | 0.039541 | |
| Price / MA7: | -7.07% | |
| Price / MA20: | -24.57% | |
| Price / MA50: | -12.32% | |
| Price / MA100: | +11.28% | |
| Price / MAexp7: | +1.42% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | -4.07% | |
| Price / MAexp100: | -7.44% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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