Is Skl’s Trend Waning? Oscillators Suggest So

The Hourly View for SKALE Network

  • Currently, SKL’s price is up $0 (0.15%) from the hour prior.
  • This is the 3rd hour in a row SKALE Network has seen its price head up.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

SKALE Network’s hourly price chart is shown below.

SKL

The Daily View for SKALE Network

  • At the time of this writing, SKL’s price is down $0 (-1.71%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence alert: Trend in SKL’s price and its RSI are diverging. SKL’s price is rising faster than its RSI.

Below is a daily price chart of SKALE Network.

SKL

Featured NA Idea From TradingView

Below is a trading comment entitled INTEL:FUNDAMENTAL ANALYSIS|PRICE ACTION|DOWNTREND SETUP 🔔 you may find interesting:

The past five years have been tough for Intel, the world’s largest maker of x86 processors for PCs and data centers. It has underperformed Taiwan Semiconductor Manufacturing Company and Samsung in the “technology race” to produce smaller, more high-level chips, and persistent lags and chip shortages have ended in a huge loss of market to AMD.INTC has also rejected the mobile market, ceasing production of chips for smartphones and baseband modems, and made scattered investments in programmable chips, Internet of Things (IoT) chips, and automotive chips – none of which have solved the company’s core problems.Former Intel CEO Brian Krzanich unexpectedly quit three years ago. His “inheritor”, Bob Swan, concentrated on lowering costs and buying back stock instead of addressing pressing R&D issues. Swann had even considered outsourcing much of Intel’s production to TSMC – rather than upgrading his foundries – before he was ousted in January.Swan’s successor, Pat Gelsinger, has rejected the concept of Intel growing a “fabless” chipmaker similar to AMD and has redoubled efforts to expand its internal foundries. The company is reportedly even considering an acquisition of GlobalFoundries, AMD’s past factory division, to stimulate those intentions. Gelsinger anticipates that the manufacturing extension will benefit Intel regain technology leadership from TSMC and win back succumbed market share from AMD.If Intel can achieve those lofty goals remains a controversial question. But Intel lately updated its 2025 plans, and there are some dramatic changes. Let’s take a look at the most significant changes and how they might affect Intel’s growth over the next five years.The technology race is measured in nodes. Smaller nodes, which are currently measured in nanometers, are commonly recognized as more advanced than larger nodes since they are more energy-efficient.TSMC began mass production of 7-nanometer chips in 2018 and 5-nanometer chips in 2020. Intel began mass production of 10-nanometer chips in 2019 after several years of delays, and previously delayed production of the next generation of 7-…

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