Get started
Mayhem88

SALT channeling between strong Sup & Res - 7-10% trade

Long
Mayhem88  
BITTREX:SALTBTC   None
Trend Analysis Parallel Channel Chart Patterns swingtrading swingtrade SALTBTC SALT saltbitcoin consolidation
3
0
trendanalysis parallelchannel chartpattern swingtrading swingtrade saltbtc salt saltbitcoin consolidation
Hey guys,

This looks close to making a move in the next couple of hours.

- Broke out of overall down trend
- Tracking strongly between support and resistance in consolidation box
- Closed on 1hr with bull hammer
- Sitting outside current trend line atm on 4hr
- BB narrowing on 1hr, possibly ready for push
- MACD coming up close to crossing
- RSI 44
- Volume low

4hr:
snapshot

1hr:
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.