By ozchartart on Skatehive
Hello charters! Today I was looking at $SLS on Bittrex. It drew my atention as it has a massive raly in 17' & 18' and has since retraced almost to it's all time low price. With the drop near the all time lows came some higher volume buys and spikes in price. Since has come a consolidation of the price and hence me posting this chart in expectance of a move, which i expect to be soon. https://www.tradingview.com/x/9RwQbBiC/ Marked 2 resistance lines and pulled a fib. The lower line on 100k satoshi does corelate with the 0.786 fib quite closely so that will be deftinitly the target which I'm most confident in this time. Up higher we have the resistance on 150k satoshi, my ultimate exit for this short term trade. To give a bit better view on how those 2 resistance lines were used in the past and why i chose them over fib lines in this case: https://www.tradingview.com/x/ZRENcEJu/ To give a bit better view on how those 2 resistance lines were used in the past and why i chose them over fib