llywellyn
Panjang

$SALT Cup & Handle - Buy Positions & Profit Targets

BITTREX:SALTBTC   Salt / Bitcoin
SALT/BTC is forming a nice bullish cup & handle pattern which should continue the price trend upward. The textbook way to trade this pattern is to buy on breakout above the right lip of the cup. If you'd like to get in at a discount, I included buy positions below the lip. If you choose to do this be sure you set your stop order. Profit targets included for this short term time frame.

If you entered this trade based on my previous idea, you'll notice we hit our first profit target. I remeasured & updated this chart with new profit targets. I would recommend stashing those profits for now in the event things turn south. No one ever went broke taking profits!


If you find my charts helpful, a donation is much appreciated:

BTC: 1LPqupsqR5oNHep48eur3o4tYVGsEzybP
LTC: LQ41PW8fHqwioHPkrbxf3WyBAzMZb9uD77
BCH: 19nLdKeyC6H1f7hhFefN4Fm9iWYDxCWE5w
Twitter: @armada_crypto
Komen: If we don't see the handle you can buy on breakout above .00112
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Twitter: @L_Crypto_Trades
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Website: https://www.L-Crypto.com
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