SKALE NETWORK - SKL/USD - 1H - Technical analysis published on 04/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.042740 USD
My targets
0.046133 USD (+6.84%)
0.050000 USD (+15.79%)
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 0.042740 USD. The buyers' bullish objective is set at 0.046133 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.050000 USD. If there is any crossing, the next objective would be the resistance located at 0.057000 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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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 rating is 0.043180 USD. On the day, this instrument lost -0.02% and was traded between 0.042700 USD and 0.043290 USD over the period. The price is currently at +1.12% from its lowest and -0.25% from its highest.0.042700
0.043290
0.043180
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Technical
Technical analysis of this 1H chart of SKALE NETWORK - SKL/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.038900 | 0.040600 | 0.042740 | 0.043180 | 0.043400 | 0.050000 | 0.057000 |
| Change (%) | -9.91% | -5.97% | -1.02% | - | +0.51% | +15.79% | +32.01% |
| Change | -0.004280 | -0.002580 | -0.000440 | - | +0.000220 | +0.006820 | +0.013820 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.038593 | 0.039597 | 0.041393 | 0.042397 | 0.044193 | 0.045197 | 0.046993 |
| Camarilla | 0.042420 | 0.042677 | 0.042933 | 0.043190 | 0.043447 | 0.043703 | 0.043960 |
| Woodie | 0.038990 | 0.039795 | 0.041790 | 0.042595 | 0.044590 | 0.045395 | 0.047390 |
| Fibonacci | 0.039597 | 0.040666 | 0.041327 | 0.042397 | 0.043466 | 0.044127 | 0.045197 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032667 | 0.035333 | 0.038067 | 0.040733 | 0.043467 | 0.046133 | 0.048867 |
| Camarilla | 0.039315 | 0.039810 | 0.040305 | 0.040800 | 0.041295 | 0.041790 | 0.042285 |
| Woodie | 0.032700 | 0.035350 | 0.038100 | 0.040750 | 0.043500 | 0.046150 | 0.048900 |
| Fibonacci | 0.035333 | 0.037396 | 0.038671 | 0.040733 | 0.042796 | 0.044071 | 0.046133 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.016900 | 0.025300 | 0.033200 | 0.041600 | 0.049500 | 0.057900 | 0.065800 |
| Camarilla | 0.036618 | 0.038112 | 0.039606 | 0.041100 | 0.042594 | 0.044088 | 0.045583 |
| Woodie | 0.016650 | 0.025175 | 0.032950 | 0.041475 | 0.049250 | 0.057775 | 0.065550 |
| Fibonacci | 0.025300 | 0.031527 | 0.035373 | 0.041600 | 0.047827 | 0.051673 | 0.057900 |
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): | 64.47 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 18.139107 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.042903 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.041554 | |
| Elder Ray (13): | 0.000375 | |
| Super Trend (3,10): | 0.041878 | |
| Zig ZAG (10): | 0.042900 | |
| VORTEX (21): | 1.0779 | |
| Stochastique (14,3,5): | 87.98 | |
| TEMA (21): | 0.043139 | |
| Williams %R (14): | -17.86 | |
| Chande Momentum Oscillator (20): | 0.002300 | |
| Repulse (5,40,3): | 0.2356 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1231 | |
| Courbe Coppock: | 7.94 |
| MA7: | 0.041799 | |
| MA20: | 0.040799 | |
| MA50: | 0.043618 | |
| MA100: | 0.038090 | |
| MAexp7: | 0.042850 | |
| MAexp20: | 0.042324 | |
| MAexp50: | 0.041739 | |
| MAexp100: | 0.041385 | |
| Price / MA7: | +3.30% | |
| Price / MA20: | +5.84% | |
| Price / MA50: | -1.00% | |
| Price / MA100: | +13.36% | |
| Price / MAexp7: | +0.77% | |
| Price / MAexp20: | +2.02% | |
| Price / MAexp50: | +3.45% | |
| Price / MAexp100: | +4.34% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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