Made by whymepls

#SKL 12H Cryptovizor: TREND 🟢🔴🔴🔴🔴

MA 🔴 RSI 🔴 00:01 12.05.2023

Volume 1D 1.1M CD Week -582.24K

SKALE is a hybrid layer-1 and layer-2 network on Ethereum, offering scalable blockchains with high throughput and low/zero gas costs. It's actively maintained with strong social media presence.

On the chart, the asset fell below the 12-hour MA50/MA200, hence long positions are deferred. The 12-hour RSI at 25 suggests oversold conditions and a possible rebound to the nearest resistance. A notification is set at $0.033 as a potential entry for a short position towards next support level.

Caution is advised due to the asset's daily volume around 1 million on spot exchanges, raising slippage risk. #trading #analysis #crypto2023 #cryptotrading