SKALE - SKL/USD - 1H - Technical analysis published on 08/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.050067 USD
My targets
0.052840 USD (+3.81%)
0.054795 USD (+7.65%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on SKALE NETWORK - SKL/USD as long as the price remains well above 0.050067 USD. The buyers' bullish objective is set at 0.052840 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.054795 USD. If there is any crossing, the next objective would be the resistance located at 0.055997 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
5.4
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Additional analysis
Quotes
The SKALE NETWORK - SKL/USD rating is 0.050900 USD. On the day, this instrument gained +4.09% with the lowest point at 0.046303 USD and the highest point at 0.051198 USD. The deviation from the price is +9.93% for the low point and -0.58% for the high point.0.046303
0.051198
0.050900
Here is a more detailed summary of the historical variations registered by SKALE NETWORK - SKL/USD:
Technical
Technical analysis of SKALE NETWORK - SKL/USD in 1H shows an overall 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. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.046600 | 0.048768 | 0.050067 | 0.050900 | 0.052840 | 0.054795 | 0.055997 |
| Change (%) | -8.45% | -4.19% | -1.64% | - | +3.81% | +7.65% | +10.01% |
| Change | -0.004300 | -0.002132 | -0.000833 | - | +0.001940 | +0.003895 | +0.005097 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.038937 | 0.043769 | 0.046334 | 0.051166 | 0.053731 | 0.058563 | 0.061128 |
| Camarilla | 0.046866 | 0.047544 | 0.048222 | 0.048900 | 0.049578 | 0.050256 | 0.050934 |
| Woodie | 0.037805 | 0.043202 | 0.045202 | 0.050599 | 0.052599 | 0.057996 | 0.059996 |
| Fibonacci | 0.043769 | 0.046594 | 0.048340 | 0.051166 | 0.053991 | 0.055737 | 0.058563 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.032712 | 0.038007 | 0.044803 | 0.050098 | 0.056894 | 0.062189 | 0.068985 |
| Camarilla | 0.048275 | 0.049383 | 0.050492 | 0.051600 | 0.052708 | 0.053817 | 0.054925 |
| Woodie | 0.033464 | 0.038382 | 0.045555 | 0.050473 | 0.057646 | 0.062564 | 0.069737 |
| Fibonacci | 0.038007 | 0.042625 | 0.045479 | 0.050098 | 0.054716 | 0.057570 | 0.062189 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.018942 | 0.027472 | 0.038333 | 0.046863 | 0.057724 | 0.066254 | 0.077115 |
| Camarilla | 0.043863 | 0.045640 | 0.047418 | 0.049195 | 0.050973 | 0.052750 | 0.054528 |
| Woodie | 0.020109 | 0.028055 | 0.039500 | 0.047446 | 0.058891 | 0.066837 | 0.078282 |
| Fibonacci | 0.027472 | 0.034879 | 0.039455 | 0.046863 | 0.054270 | 0.058846 | 0.066254 |
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): | 56.72 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 9.343897 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.048271 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.046499 | |
| Elder Ray (13): | 0.001822 | |
| Super Trend (3,10): | 0.047375 | |
| Zig ZAG (10): | 0.050602 | |
| VORTEX (21): | 0.8969 | |
| Stochastique (14,3,5): | 77.42 | |
| TEMA (21): | 0.047977 | |
| Williams %R (14): | -14.22 | |
| Chande Momentum Oscillator (20): | 0.000702 | |
| Repulse (5,40,3): | 4.3977 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.2637 | |
| Courbe Coppock: | 6.92 |
| MA7: | 0.050943 | |
| MA20: | 0.049700 | |
| MA50: | 0.049386 | |
| MA100: | 0.063036 | |
| MAexp7: | 0.048865 | |
| MAexp20: | 0.049168 | |
| MAexp50: | 0.049986 | |
| MAexp100: | 0.050241 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | +2.41% | |
| Price / MA50: | +3.07% | |
| Price / MA100: | -19.25% | |
| Price / MAexp7: | +4.16% | |
| Price / MAexp20: | +3.52% | |
| Price / MAexp50: | +1.83% | |
| Price / MAexp100: | +1.31% |
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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