SKALE - SKL/USDT - 1H - Technical analysis published on 02/23/2025 (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
72%
11%
17%
My opinion
Bullish above 0.036560 USDT
My targets
0.038075 USDT (+2.28%)
0.038894 USDT (+4.48%)
My analysis
The bullish trend is currently very strong on SKALE NETWORK - SKL/USDT. As long as the price remains above the support at 0.036560 USDT, you could try to benefit from the boom. The first bullish objective is located at 0.038075 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.038894 USDT as an objective. Crossing it would then enable buyers to target 0.045306 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.7
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SKALE NETWORK - SKL/USDT price is 0.037225 USDT. On the day, this instrument gained +0.28% and was between 0.037101 USDT and 0.037480 USDT. This implies that the price is at +0.33% from its lowest and at -0.68% from its highest.0.037101
0.037480
0.037225
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical analysis of SKALE NETWORK - SKL/USDT in 1H shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.034680 | 0.035248 | 0.036560 | 0.037225 | 0.037364 | 0.038075 | 0.038894 |
| Change (%) | -6.84% | -5.31% | -1.79% | - | +0.37% | +2.28% | +4.48% |
| Change | -0.002545 | -0.001977 | -0.000665 | - | +0.000139 | +0.000850 | +0.001669 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.033174 | 0.034112 | 0.035617 | 0.036555 | 0.038060 | 0.038998 | 0.040503 |
| Camarilla | 0.036450 | 0.036674 | 0.036898 | 0.037122 | 0.037346 | 0.037570 | 0.037794 |
| Woodie | 0.033458 | 0.034254 | 0.035901 | 0.036697 | 0.038344 | 0.039140 | 0.040787 |
| Fibonacci | 0.034112 | 0.035045 | 0.035622 | 0.036555 | 0.037488 | 0.038065 | 0.038998 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.027471 | 0.029781 | 0.033451 | 0.035761 | 0.039431 | 0.041741 | 0.045411 |
| Camarilla | 0.035478 | 0.036026 | 0.036574 | 0.037122 | 0.037670 | 0.038218 | 0.038767 |
| Woodie | 0.028152 | 0.030121 | 0.034132 | 0.036101 | 0.040112 | 0.042081 | 0.046092 |
| Fibonacci | 0.029781 | 0.032065 | 0.033476 | 0.035761 | 0.038045 | 0.039456 | 0.041741 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011907 | 0.025586 | 0.039610 | 0.053289 | 0.067313 | 0.080992 | 0.095016 |
| Camarilla | 0.046015 | 0.048554 | 0.051094 | 0.053633 | 0.056172 | 0.058712 | 0.061251 |
| Woodie | 0.012079 | 0.025672 | 0.039782 | 0.053375 | 0.067485 | 0.081078 | 0.095188 |
| Fibonacci | 0.025586 | 0.036169 | 0.042707 | 0.053289 | 0.063872 | 0.070410 | 0.080992 |
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): | 62.22 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 23.271102 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.037088 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.037023 | |
| Elder Ray (13): | 0.000251 | |
| Super Trend (3,10): | 0.036190 | |
| Zig ZAG (10): | 0.037101 | |
| VORTEX (21): | 1.2247 | |
| Stochastique (14,3,5): | 82.42 | |
| TEMA (21): | 0.037298 | |
| Williams %R (14): | -21.97 | |
| Chande Momentum Oscillator (20): | 0.001004 | |
| Repulse (5,40,3): | -0.2484 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1150 | |
| Courbe Coppock: | 7.92 |
| MA7: | 0.035338 | |
| MA20: | 0.037552 | |
| MA50: | 0.043185 | |
| MA100: | 0.051537 | |
| MAexp7: | 0.037061 | |
| MAexp20: | 0.036646 | |
| MAexp50: | 0.036138 | |
| MAexp100: | 0.035742 | |
| Price / MA7: | +5.34% | |
| Price / MA20: | -0.87% | |
| Price / MA50: | -13.80% | |
| Price / MA100: | -27.77% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +1.58% | |
| Price / MAexp50: | +3.01% | |
| Price / MAexp100: | +4.15% |
Quotes :
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Real time data
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CoinMarketCap
This member declared not having a position on this financial instrument or a related financial instrument.
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