SKALE NETWORK - SKL/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	SKLUSD
ISIN:

SKALE NETWORK - SKL/USD - 1H - Technical analysis published on 07/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 0.050294 USD

My targets

0.053340 USD (+4.18%)

0.054700 USD (+6.84%)

My analysis

A bullish trend on SKALE NETWORK - SKL/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.050294 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.053340 USD. Then the price could move towards 0.054700 USD. Then 0.055502 USD by extension. Be careful, a return below 0.050294 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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

SKALE NETWORK - SKL/USD rating 0.051199 USD. On the day, this instrument gained +0.00% and was traded between 0.049800 USD and 0.051899 USD over the period. The price is currently at +2.81% from its lowest and -1.35% from its highest.

0.049800

0.051899

0.051199

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this SKALE NETWORK - SKL/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.047904	0.048901	0.050294	0.051199	0.051399	0.053340	0.054700
Change (%)	-6.44%	-4.49%	-1.77%	-	+0.39%	+4.18%	+6.84%
Change	-0.003295	-0.002298	-0.000905	-	+0.000200	+0.002141	+0.003501
Level	Intermediate	Minor	Intermediate	-	Intermediate	Major	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	0.045467	0.046733	0.048967	0.050233	0.052467	0.053733	0.055967
Camarilla	0.050238	0.050558	0.050879	0.051200	0.051521	0.051842	0.052163
Woodie	0.045950	0.046975	0.049450	0.050475	0.052950	0.053975	0.056450
Fibonacci	0.046733	0.048070	0.048896	0.050233	0.051570	0.052396	0.053733

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.039374	0.043639	0.046170	0.050435	0.052966	0.057231	0.059762
Camarilla	0.046832	0.047455	0.048078	0.048701	0.049324	0.049947	0.050570
Woodie	0.038507	0.043206	0.045303	0.050002	0.052099	0.056798	0.058895
Fibonacci	0.043639	0.046235	0.047839	0.050435	0.053031	0.054635	0.057231

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.005439	0.026671	0.038936	0.060168	0.072433	0.093665	0.105930
Camarilla	0.041988	0.045059	0.048129	0.051200	0.054271	0.057341	0.060412
Woodie	0.000955	0.024429	0.034452	0.057926	0.067949	0.091423	0.101446
Fibonacci	0.026671	0.039467	0.047373	0.060168	0.072964	0.080870	0.093665

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.13
MACD (12,26,9):	0.0001
Directional Movement:	4.149753
AROON (14):	-50.000000
DEMA (21):	0.050907
Parabolic SAR (0,02-0,02-0,2):	0.049830
Elder Ray (13):	0.000242
Super Trend (3,10):	0.049936
Zig ZAG (10):	0.051001
VORTEX (21):	1.0962
Stochastique (14,3,5):	61.37
TEMA (21):	0.050851
Williams %R (14):	-36.93
Chande Momentum Oscillator (20):	-0.000501
Repulse (5,40,3):	0.5454
ROCnROLL:	1
TRIX (15,9):	0.0553
Courbe Coppock:	2.61

MA7:	0.051229
MA20:	0.055590
MA50:	0.068714
MA100:	0.083129
MAexp7:	0.050762
MAexp20:	0.050706
MAexp50:	0.050520
MAexp100:	0.050750
Price / MA7:	-0.06%
Price / MA20:	-7.90%
Price / MA50:	-25.49%
Price / MA100:	-38.41%
Price / MAexp7:	+0.86%
Price / MAexp20:	+0.97%
Price / MAexp50:	+1.34%
Price / MAexp100:	+0.88%

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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Londinia AI

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