SKALE - SKL/USD - 1H - Technical analysis published on 07/27/2024 (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
94%
0%
6%
My opinion
Bullish above 0.051550 USD
My targets
0.056233 USD (+5.91%)
0.060568 USD (+14.07%)
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 0.051550 USD. The buyers' bullish objective is set at 0.056233 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.060568 USD. If there is any crossing, the next objective would be the resistance located at 0.067234 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.8
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Additional analysis
Quotes
The SKALE NETWORK - SKL/USD price is 0.053095 USD. The price has increased by +9.25% since the last closing and was traded between 0.047700 USD and 0.054106 USD over the period. The price is currently at +11.31% from its lowest and -1.87% from its highest.0.047700
0.054106
0.053095
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SKALE NETWORK - SKL/USD chart shows a strongly bullish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
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 these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.049292 | 0.050111 | 0.051550 | 0.053095 | 0.053098 | 0.060568 | 0.067234 |
| Change (%) | -7.16% | -5.62% | -2.91% | - | +0.01% | +14.07% | +26.63% |
| Change | -0.003803 | -0.002984 | -0.001545 | - | +0.000003 | +0.007473 | +0.014139 |
| Level | Minor | Intermediate | Minor | - | Major | 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 | 0.042828 | 0.044063 | 0.046332 | 0.047567 | 0.049836 | 0.051071 | 0.053340 |
| Camarilla | 0.047637 | 0.047959 | 0.048280 | 0.048601 | 0.048922 | 0.049243 | 0.049565 |
| Woodie | 0.043345 | 0.044322 | 0.046849 | 0.047826 | 0.050353 | 0.051330 | 0.053857 |
| Fibonacci | 0.044063 | 0.045402 | 0.046229 | 0.047567 | 0.048906 | 0.049733 | 0.051071 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.035633 | 0.039267 | 0.045933 | 0.049567 | 0.056233 | 0.059867 | 0.066533 |
| Camarilla | 0.049767 | 0.050711 | 0.051655 | 0.052599 | 0.053543 | 0.054487 | 0.055432 |
| Woodie | 0.037149 | 0.040025 | 0.047449 | 0.050325 | 0.057749 | 0.060625 | 0.068049 |
| Fibonacci | 0.039267 | 0.043202 | 0.045632 | 0.049567 | 0.053502 | 0.055932 | 0.059867 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019975 | 0.033939 | 0.042570 | 0.056534 | 0.065165 | 0.079129 | 0.087760 |
| Camarilla | 0.044986 | 0.047058 | 0.049129 | 0.051200 | 0.053271 | 0.055342 | 0.057414 |
| Woodie | 0.017308 | 0.032606 | 0.039903 | 0.055201 | 0.062498 | 0.077796 | 0.085093 |
| Fibonacci | 0.033939 | 0.042571 | 0.047903 | 0.056534 | 0.065166 | 0.070498 | 0.079129 |
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): | 83.28 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 44.909579 | |
| AROON (14): | 64.285714 | |
| DEMA (21): | 0.049826 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.048301 | |
| Elder Ray (13): | 0.002752 | |
| Super Trend (3,10): | 0.049756 | |
| Zig ZAG (10): | 0.051899 | |
| VORTEX (21): | 1.3826 | |
| Stochastique (14,3,5): | 84.06 | |
| TEMA (21): | 0.050198 | |
| Williams %R (14): | -10.87 | |
| Chande Momentum Oscillator (20): | 0.003600 | |
| Repulse (5,40,3): | 4.3539 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1746 | |
| Courbe Coppock: | 5.43 |
| MA7: | 0.048743 | |
| MA20: | 0.046910 | |
| MA50: | 0.051264 | |
| MA100: | 0.066228 | |
| MAexp7: | 0.049901 | |
| MAexp20: | 0.048738 | |
| MAexp50: | 0.047748 | |
| MAexp100: | 0.047652 | |
| Price / MA7: | +8.93% | |
| Price / MA20: | +13.18% | |
| Price / MA50: | +3.57% | |
| Price / MA100: | -19.83% | |
| Price / MAexp7: | +6.40% | |
| Price / MAexp20: | +8.94% | |
| Price / MAexp50: | +11.20% | |
| Price / MAexp100: | +11.42% |
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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