SKALE NETWORK - SKL/USD - 1H - Technical analysis published on 01/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.077178 USD
My targets
0.081599 USD (+0.62%)
0.084050 USD (+3.64%)
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 0.077178 USD. The buyers' bullish objective is set at 0.081599 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.084050 USD. If there is any crossing, the next objective would be the resistance located at 0.088450 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
7.9
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 0.081099 USD. The price registered an increase of +19.44% on the session and was traded between 0.066101 USD and 0.082496 USD over the period. The price is currently at +22.69% from its lowest and -1.69% from its highest.0.066101
0.082496
0.081099
Here is a more detailed summary of the historical variations registered by SKALE NETWORK - SKL/USD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on SKALE NETWORK - SKL/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of SKALE NETWORK - SKL/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.072202 | 0.074699 | 0.077178 | 0.081099 | 0.081599 | 0.084050 | 0.088450 |
| Change (%) | -10.97% | -7.89% | -4.83% | - | +0.62% | +3.64% | +9.06% |
| Change | -0.008897 | -0.006400 | -0.003921 | - | +0.000500 | +0.002951 | +0.007351 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.056801 | 0.059901 | 0.063900 | 0.067000 | 0.070999 | 0.074099 | 0.078098 |
| Camarilla | 0.065947 | 0.066598 | 0.067248 | 0.067899 | 0.068550 | 0.069201 | 0.069851 |
| Woodie | 0.057251 | 0.060126 | 0.064350 | 0.067225 | 0.071449 | 0.074324 | 0.078548 |
| Fibonacci | 0.059901 | 0.062613 | 0.064288 | 0.067000 | 0.069712 | 0.071387 | 0.074099 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.047539 | 0.059871 | 0.067536 | 0.079868 | 0.087533 | 0.099865 | 0.107530 |
| Camarilla | 0.069703 | 0.071536 | 0.073369 | 0.075202 | 0.077035 | 0.078868 | 0.080701 |
| Woodie | 0.045207 | 0.058704 | 0.065204 | 0.078701 | 0.085201 | 0.098698 | 0.105198 |
| Fibonacci | 0.059871 | 0.067510 | 0.072229 | 0.079868 | 0.087507 | 0.092226 | 0.099865 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.014813 | 0.011243 | 0.039672 | 0.065728 | 0.094157 | 0.120213 | 0.148642 |
| Camarilla | 0.053117 | 0.058111 | 0.063106 | 0.068100 | 0.073095 | 0.078089 | 0.083083 |
| Woodie | -0.013628 | 0.011836 | 0.040858 | 0.066321 | 0.095343 | 0.120806 | 0.149828 |
| Fibonacci | 0.011243 | 0.032057 | 0.044915 | 0.065728 | 0.086542 | 0.099400 | 0.120213 |
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): | 74.54 | |
| MACD (12,26,9): | 0.0030 | |
| Directional Movement: | 38.005362 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.075440 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.072601 | |
| Elder Ray (13): | 0.006836 | |
| Super Trend (3,10): | 0.072250 | |
| Zig ZAG (10): | 0.081198 | |
| VORTEX (21): | 1.2776 | |
| Stochastique (14,3,5): | 90.80 | |
| TEMA (21): | 0.078250 | |
| Williams %R (14): | -10.74 | |
| Chande Momentum Oscillator (20): | 0.013298 | |
| Repulse (5,40,3): | 9.0846 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3164 | |
| Courbe Coppock: | 26.21 |
| MA7: | 0.074571 | |
| MA20: | 0.081490 | |
| MA50: | 0.066980 | |
| MA100: | 0.050096 | |
| MAexp7: | 0.076645 | |
| MAexp20: | 0.072000 | |
| MAexp50: | 0.070068 | |
| MAexp100: | 0.071323 | |
| Price / MA7: | +8.75% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | +21.08% | |
| Price / MA100: | +61.89% | |
| Price / MAexp7: | +5.81% | |
| Price / MAexp20: | +12.64% | |
| Price / MAexp50: | +15.74% | |
| Price / MAexp100: | +13.71% |
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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