SLS
SaluS Is Trading Above Resistance | 200%/2000%+ TargetSaluS (SLSBTC) printed a decisive candle on the 16-Feb., a huge Doji.
This reversal candle is marked with a yellow circle. Notice the high volume on this candle.
With this signal, we can confirm an upcoming change of trend but since the charts are always changing, you must use a stop-loss if you decide to trade.
In this case, the low of this Doji candle can work as a stop-loss.
Now, back to the chart, let's take a look at the signals:
SLSBTC is now trading above EMA10/50/100.
Strong consolidation is taking place.
MA200 (black line) is working as resistance, as soon as this level is conquered SLSBTC will Boom Up!
Strong/Bullish RSI.
Strong MACD above the zero line.
The TD Sequential is also favoring the bulls.
We also have a long-term chart with long-term targets just for you... Wishing you great profits and success!
Thanks a lot for reading.
Namaste.
SLS Buy and Hold Opportunity This Long position is from Monday at 9:30 am at which my group is holding positions at $0.16 We are planning to buy as many shares in the red zone and hold. Regardless if price does not reach $0.40 by Friday at 9:30 am. We are still going to hold this stock in our portfolio for a minimum of 3 quarters. The goal here is patience and steady growth. We look to see the 3rd phase trial a success.
Salus Coin Triple Bottom FormationOn the 12th of July Salus coin has tested $21 support level, which has been rejected for the third consecutive time since 24th of June. The triple bottom has been formed and price went up breaking above the 50 Moving Average.
While the strong bottom has been formed and MA breakout occurred, the correction to the upside could be expected. There are several resistance levels to watch, first is the $32 area, where price bounced previously two times. Second is a 61.8% Fibonacci retracement level at $36. And final upside target is at 76.4% Fibs at $40.
The $40 price seem to have the most resistance as previously it already acted as the resistance and besides, it is a round psychological number. If/when this target is reached, the potential growth would be 60% from the current price, which is quite a strong growth, considering that this is a short to medium term opportunity.
Having said that, downside risk remains, but only daily break and close below the established low at $20 could invalidate bullish outlook and result in a continuation of the downtrend.
Salus Trading at Strong SupportCurrently Salus is trading right at the uptrend trendline, that is $25 area. This is the area of the 88.6% Fibonacci retracement level and as can be seen on chart, it has acted as support and resistance multiple times.
The price could look attractive from the buying perspective, considering that the price at the strong technical support. Although it is yet to be seen the price action in the coming days. If SLS/USD manages to stay above the uptrend trendline, the price could start rising towards major resistance at $73, that is inline with the downtrend trendline.
But, on the other hand if daily close will be below the trendline, further decline is possible. Salus could drop further to test next support are, near $10 psychological level, and perhaps only then a correction up or a trend reversal could take place.
SLSBTC Bullish hidden divergenceThe analysis has started with Bollinger Bands indicator, it was found that before each huge growth of this coin there is a contraction in BB channel, and now a similar contraction is forming. Moreover the price touched Fib 0.618 support level and started to bounce from it. Stoch RSI strengthen this idea. The strongest argument the coin is in bullish mood is that there are higher low at the price chart and at the same time lower low at oscillators chart which means there is a bullish hidden divergence. Our team recommends this coin in the mid term.
Salus (SLS) : Prepping for a Blowout : Imminent BreakoutMost recently Salus had a pretty impressive rise that spanned over two sections and saw it peak at 450% above the starting level, a couple of days later..
Many people say my figures are too high and seem unrealistic..
I'm not quite sure what to say to this stupid response, since the facts are right here.. I didn't Photoshop the f68kng chart..
This is kind of the point of my posts.. To afford readers an opportunity to benefit from likely repeat performances..
Duh..