SKALE - SKL/USDT
SKALE - SKL/USDT
- USDT (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: SKLUSDT
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SKALE - SKL/USDT - 1H - Technical analysis published on 02/21/2025 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.036235 USDT
My targets
0.037342 USDT (+1.74%)
0.038894 USDT (+5.97%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.036235 USDT remains possible. It is advisable to trade SKALE NETWORK - SKL/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.036235 USDT. The next bullish objective for buyers is set at 0.037342 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.038894 USDT. If there is any crossing, the next objective would be the resistance located at 0.039739 USDT. PS: if there is a bearish break in the support located at 0.036235 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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
6.3

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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The SKALE NETWORK - SKL/USDT price is 0.036704 USDT. The price registered an increase of +1.83% on the session and was traded between 0.035971 USDT and 0.038070 USDT over the period. The price is currently at +2.04% from its lowest and -3.59% from its highest.

0.035971
0.038070
0.036704

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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

Technical


A technical analysis in 1H of this SKALE NETWORK - SKL/USDT chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.032735 0.034655 0.036235 0.036704 0.037342 0.038894 0.039739
Change (%) -10.81% -5.58% -1.28% - +1.74% +5.97% +8.27%
Change -0.003969 -0.002049 -0.000469 - +0.000638 +0.002190 +0.003035
Level Minor Intermediate Intermediate - Major Intermediate 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
Standard0.0315100.0324390.0342420.0351710.0369740.0379030.039706
Camarilla0.0352940.0355440.0357950.0360450.0362950.0365460.036796
Woodie0.0319470.0326580.0346790.0353900.0374110.0381220.040143
Fibonacci0.0324390.0334830.0341270.0351710.0362150.0368590.037903


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0292370.0324330.0342960.0374920.0393550.0425510.044414
Camarilla0.0347680.0352320.0356950.0361590.0366230.0370870.037550
Woodie0.0285710.0321000.0336300.0371590.0386890.0422180.043748
Fibonacci0.0324330.0343660.0355600.0374920.0394250.0406190.042551


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0119070.0255860.0396100.0532890.0673130.0809920.095016
Camarilla0.0460150.0485540.0510940.0536330.0561720.0587120.061251
Woodie0.0120790.0256720.0397820.0533750.0674850.0810780.095188
Fibonacci0.0255860.0361690.0427070.0532890.0638720.0704100.080992

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): 76.03
MACD (12,26,9): 0.0007
Directional Movement: 32.658749
AROON (14): 92.857143
DEMA (21): 0.037731
Parabolic SAR (0,02-0,02-0,2): 0.037439
Elder Ray (13): 0.000505
Super Trend (3,10): 0.036795
Zig ZAG (10): 0.037700
VORTEX (21): 1.4075
Stochastique (14,3,5): 85.91
TEMA (21): 0.037965
Williams %R (14): -18.73
Chande Momentum Oscillator (20): 0.001480
Repulse (5,40,3): 0.5789
ROCnROLL: 1
TRIX (15,9): 0.2855
Courbe Coppock: 8.49
MA7: 0.035456
MA20: 0.037998
MA50: 0.043907
MA100: 0.051600
MAexp7: 0.037516
MAexp20: 0.036767
MAexp50: 0.035723
MAexp100: 0.035360
Price / MA7: +3.52%
Price / MA20: -3.41%
Price / MA50: -16.41%
Price / MA100: -28.87%
Price / MAexp7: -2.16%
Price / MAexp20: -0.17%
Price / MAexp50: +2.75%
Price / MAexp100: +3.80%

Quotes : - Real time data - CoinMarketCap

This member declared not having a position on this financial instrument or a related financial instrument.

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