SKALE - SKL/USD - 1H - Technical analysis published on 10/18/2024 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.039198 USD
My targets
0.040701 USD (+2.52%)
0.042865 USD (+7.98%)
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 0.039198 USD. The buyers' bullish objective is set at 0.040701 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.042865 USD. If there is any crossing, the next objective would be the resistance located at 0.045169 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SKALE NETWORK - SKL/USD rating 0.039699 USD. On the day, this instrument gained +7.01% with the lowest point at 0.036801 USD and the highest point at 0.041446 USD. The deviation from the price is +7.87% for the low point and -4.22% for the high point.0.036801
0.041446
0.039699
Here is a more detailed summary of the historical variations registered by SKALE NETWORK - SKL/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SKALE NETWORK - SKL/USD indicates that the overall trend is strongly bullish. 85.71% 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. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.037803 | 0.038565 | 0.039198 | 0.039699 | 0.040701 | 0.045169 | 0.060568 |
| Change (%) | -4.78% | -2.86% | -1.26% | - | +2.52% | +13.78% | +52.57% |
| Change | -0.001896 | -0.001134 | -0.000501 | - | +0.001002 | +0.005470 | +0.020869 |
| Level | Intermediate | Major | Minor | - | Intermediate | 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 | 0.032435 | 0.033968 | 0.035533 | 0.037066 | 0.038631 | 0.040164 | 0.041729 |
| Camarilla | 0.036246 | 0.036530 | 0.036814 | 0.037098 | 0.037382 | 0.037666 | 0.037950 |
| Woodie | 0.032451 | 0.033976 | 0.035549 | 0.037074 | 0.038647 | 0.040172 | 0.041745 |
| Fibonacci | 0.033968 | 0.035151 | 0.035883 | 0.037066 | 0.038249 | 0.038981 | 0.040164 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.025843 | 0.029073 | 0.032739 | 0.035969 | 0.039635 | 0.042865 | 0.046531 |
| Camarilla | 0.034508 | 0.035140 | 0.035772 | 0.036404 | 0.037036 | 0.037668 | 0.038300 |
| Woodie | 0.026060 | 0.029182 | 0.032956 | 0.036078 | 0.039852 | 0.042974 | 0.046748 |
| Fibonacci | 0.029073 | 0.031708 | 0.033335 | 0.035969 | 0.038604 | 0.040231 | 0.042865 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.009812 | 0.018956 | 0.029327 | 0.038471 | 0.048842 | 0.057986 | 0.068357 |
| Camarilla | 0.034330 | 0.036119 | 0.037908 | 0.039697 | 0.041486 | 0.043275 | 0.045064 |
| Woodie | 0.010425 | 0.019263 | 0.029940 | 0.038778 | 0.049455 | 0.058293 | 0.068970 |
| Fibonacci | 0.018956 | 0.026411 | 0.031017 | 0.038471 | 0.045926 | 0.050532 | 0.057986 |
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): | 74.20 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 35.448263 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.038364 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.037000 | |
| Elder Ray (13): | 0.002087 | |
| Super Trend (3,10): | 0.037687 | |
| Zig ZAG (10): | 0.040399 | |
| VORTEX (21): | 1.2935 | |
| Stochastique (14,3,5): | 62.00 | |
| TEMA (21): | 0.038727 | |
| Williams %R (14): | -32.46 | |
| Chande Momentum Oscillator (20): | 0.002701 | |
| Repulse (5,40,3): | 3.9093 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0697 | |
| Courbe Coppock: | 6.16 |
| MA7: | 0.037900 | |
| MA20: | 0.037066 | |
| MA50: | 0.035010 | |
| MA100: | 0.038087 | |
| MAexp7: | 0.038422 | |
| MAexp20: | 0.037808 | |
| MAexp50: | 0.037590 | |
| MAexp100: | 0.037505 | |
| Price / MA7: | +4.75% | |
| Price / MA20: | +7.10% | |
| Price / MA50: | +13.39% | |
| Price / MA100: | +4.23% | |
| Price / MAexp7: | +3.32% | |
| Price / MAexp20: | +5.00% | |
| Price / MAexp50: | +5.61% | |
| Price / MAexp100: | +5.85% |
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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