free forever qr code generator Trading Idea For Salt Lending - 2 Daily Hammers In A Row

I just had a look at Salt and I do like what I see here. We have formed a double hammer and slightly closed above one trendline. Here is the daily chart:

See my work over at Steemit: https://steemit.com/@freeforever

Comment: We can also see that we have almost touched 20 on the stochastics and that is another positive sign. Now, we do have the upper trendline as our next resistance level and we would like to have a daily close above that one at 80000 satoshi. The next target would be the bollinger band median at 85000 satoshi.

This could be a good trade setup, but it could obviously fail, so you always need an exit plan and that would be to get out below todays low at around 64000 satoshi.

As always, we must watch what is going on with Bitcoin since the correlation is super strong and I will do a Bitcoin analysis in just a moment.

Finally, I do own Salt for the long term and this is definately a good time to accumulate some more, not just a regular trade.

Happy trading/investing!

free forever qr code generator Trading Idea For Salt Lending - 2 Daily Hammers In A Row
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Science & Technology	Upload TimePublished on 17 Jan 2018

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