SKALE NETWORK - SKL/USD - 1H - Technical analysis published on 08/06/2024 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Neutral between 0.037269 USD and 0.038899 USD
My targets
-
My analysis
The strong short-term increase on SKALE NETWORK - SKL/USD is in contrast to the bearish trend. Buyers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a rebound. Has an economic announcement impacting the basics been published? As long as the price remains above 0.037269 USD, you could take advantage of the short-term boom. The first bullish objective would be 0.038899 USD. Then the price could move towards 0.046501 USD. Then 0.055997 USD by extension. Attention should be paid to the reaction of the price on these resistances to see if the sellers show up. Be careful, a return below 0.037269 USD could be a sign of a reversal of the bearish trend.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 price is 0.037699 USD. The price registered an increase of +15.29% on the session and was between 0.032699 USD and 0.038100 USD. This implies that the price is at +15.29% from its lowest and at -1.05% from its highest.0.032699
0.038100
0.037699
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of SKALE NETWORK - SKL/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.029304 | 0.031401 | 0.034000 | 0.037699 | 0.038899 | 0.046501 | 0.055997 |
| Change (%) | -22.27% | -16.71% | -9.81% | - | +3.18% | +23.35% | +48.54% |
| Change | -0.008395 | -0.006298 | -0.003699 | - | +0.001200 | +0.008802 | +0.018298 |
| Level | Major | Minor | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.015443 | 0.022374 | 0.027536 | 0.034467 | 0.039629 | 0.046560 | 0.051722 |
| Camarilla | 0.029373 | 0.030482 | 0.031591 | 0.032699 | 0.033808 | 0.034916 | 0.036025 |
| Woodie | 0.014560 | 0.021932 | 0.026653 | 0.034025 | 0.038746 | 0.046118 | 0.050839 |
| Fibonacci | 0.022374 | 0.026993 | 0.029847 | 0.034467 | 0.039086 | 0.041940 | 0.046560 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.021673 | 0.031037 | 0.037269 | 0.046633 | 0.052865 | 0.062229 | 0.068461 |
| Camarilla | 0.039212 | 0.040642 | 0.042071 | 0.043501 | 0.044931 | 0.046360 | 0.047790 |
| Woodie | 0.020107 | 0.030254 | 0.035703 | 0.045850 | 0.051299 | 0.061446 | 0.066895 |
| Fibonacci | 0.031037 | 0.036995 | 0.040675 | 0.046633 | 0.052591 | 0.056271 | 0.062229 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.86 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 9.389778 | |
| AROON (14): | 78.571429 | |
| DEMA (21): | 0.034305 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.032669 | |
| Elder Ray (13): | 0.002060 | |
| Super Trend (3,10): | 0.033470 | |
| Zig ZAG (10): | 0.037299 | |
| VORTEX (21): | 1.2239 | |
| Stochastique (14,3,5): | 99.26 | |
| TEMA (21): | 0.035933 | |
| Williams %R (14): | -1.68 | |
| Chande Momentum Oscillator (20): | 0.005699 | |
| Repulse (5,40,3): | 5.5917 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3861 | |
| Courbe Coppock: | 24.18 |
| MA7: | 0.043957 | |
| MA20: | 0.047600 | |
| MA50: | 0.047752 | |
| MA100: | 0.061440 | |
| MAexp7: | 0.035891 | |
| MAexp20: | 0.034889 | |
| MAexp50: | 0.037128 | |
| MAexp100: | 0.040756 | |
| Price / MA7: | -14.24% | |
| Price / MA20: | -20.80% | |
| Price / MA50: | -21.05% | |
| Price / MA100: | -38.64% | |
| Price / MAexp7: | +5.04% | |
| Price / MAexp20: | +8.05% | |
| Price / MAexp50: | +1.54% | |
| Price / MAexp100: | -7.50% |
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.
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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