SKALE NETWORK - SKL/USD - 1H - Technical analysis published on 04/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 0.090617 USD
My targets
0.084561 USD (-3.58%)
0.082900 USD (-5.47%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SKALE NETWORK - SKL/USD as long as the price remains well below 0.090617 USD. The next bearish objective for sellers is set at 0.084561 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.082900 USD. If there is any crossing, the next objective would be the support located at 0.060568 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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 0.087700 USD. The price is lower by -0.11% since the last closing with the lowest point at 0.087400 USD and the highest point at 0.091397 USD. The deviation from the price is +0.34% for the low point and -4.04% for the high point.0.087400
0.091397
0.087700
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SKALE NETWORK - SKL/USD chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals 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 20
Type : Bearish
Timeframe : 1 hour
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 : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.060568 | 0.082900 | 0.084561 | 0.087700 | 0.088200 | 0.090617 | 0.095766 |
| Change (%) | -30.94% | -5.47% | -3.58% | - | +0.57% | +3.33% | +9.20% |
| Change | -0.027132 | -0.004800 | -0.003139 | - | +0.000500 | +0.002917 | +0.008066 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 0.080536 | 0.082869 | 0.085334 | 0.087667 | 0.090132 | 0.092465 | 0.094930 |
| Camarilla | 0.086481 | 0.086920 | 0.087360 | 0.087800 | 0.088240 | 0.088680 | 0.089120 |
| Woodie | 0.080603 | 0.082902 | 0.085401 | 0.087700 | 0.090199 | 0.092498 | 0.094997 |
| Fibonacci | 0.082869 | 0.084702 | 0.085834 | 0.087667 | 0.089500 | 0.090632 | 0.092465 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.061471 | 0.073336 | 0.080568 | 0.092433 | 0.099665 | 0.111530 | 0.118762 |
| Camarilla | 0.082548 | 0.084299 | 0.086049 | 0.087800 | 0.089551 | 0.091301 | 0.093052 |
| Woodie | 0.059155 | 0.072178 | 0.078252 | 0.091275 | 0.097349 | 0.110372 | 0.116446 |
| Fibonacci | 0.073336 | 0.080631 | 0.085138 | 0.092433 | 0.099728 | 0.104235 | 0.111530 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022604 | 0.048103 | 0.083901 | 0.109400 | 0.145198 | 0.170697 | 0.206495 |
| Camarilla | 0.102843 | 0.108462 | 0.114081 | 0.119700 | 0.125319 | 0.130938 | 0.136557 |
| Woodie | 0.027755 | 0.050678 | 0.089052 | 0.111975 | 0.150349 | 0.173272 | 0.211646 |
| Fibonacci | 0.048103 | 0.071518 | 0.085984 | 0.109400 | 0.132815 | 0.147281 | 0.170697 |
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): | 46.92 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 3.376804 | |
| AROON (14): | 71.428572 | |
| DEMA (21): | 0.089117 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.091329 | |
| Elder Ray (13): | -0.000667 | |
| Super Trend (3,10): | 0.087542 | |
| Zig ZAG (10): | 0.088400 | |
| VORTEX (21): | 1.1033 | |
| Stochastique (14,3,5): | 35.68 | |
| TEMA (21): | 0.089771 | |
| Williams %R (14): | -69.75 | |
| Chande Momentum Oscillator (20): | 0.000900 | |
| Repulse (5,40,3): | -1.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0498 | |
| Courbe Coppock: | 4.47 |
| MA7: | 0.093629 | |
| MA20: | 0.097365 | |
| MA50: | 0.104404 | |
| MA100: | 0.094844 | |
| MAexp7: | 0.089135 | |
| MAexp20: | 0.088809 | |
| MAexp50: | 0.089337 | |
| MAexp100: | 0.091200 | |
| Price / MA7: | -6.33% | |
| Price / MA20: | -9.93% | |
| Price / MA50: | -16.00% | |
| Price / MA100: | -7.53% | |
| Price / MAexp7: | -1.61% | |
| Price / MAexp20: | -1.25% | |
| Price / MAexp50: | -1.83% | |
| Price / MAexp100: | -3.84% |
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.
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