Potential SALT-BTC
Updated
Taking a look at SALT-BTC.
SALT had an impulse leg which had a nice run-up. Consolidation followed, with another minor run-up.
We can expect to see further consolidation before another potential bull run.
RSI:
Taking a look at the RSI, we can see the run-up lead to SALT being overbought.
Running around the middle for more downward movement to being oversold.
MacD:
The MacD is well below the signal line. Resuming a bearish run with a bearish market.
Volume:
Volume is gradually going down, as not unusual with the state of the current market trend.
Trading Positions:
Stop Loss: 0.0002
Buy-In: 0.00048739
Disclaimer: This is not financial advice, just personal speculation on the possible trend.
SALT had an impulse leg which had a nice run-up. Consolidation followed, with another minor run-up.
We can expect to see further consolidation before another potential bull run.
RSI:
Taking a look at the RSI, we can see the run-up lead to SALT being overbought.
Running around the middle for more downward movement to being oversold.
MacD:
The MacD is well below the signal line. Resuming a bearish run with a bearish market.
Volume:
Volume is gradually going down, as not unusual with the state of the current market trend.
Trading Positions:
Stop Loss: 0.0002
Buy-In: 0.00048739
Disclaimer: This is not financial advice, just personal speculation on the possible trend.
Trade active
Our target has been reached.
Disclaimer: I accidentally deleted my chart layouts. Not exactly the same chart.
Disclaimer
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