I noticed that the winner of the day over at Bittrex was Salus or SLSBTC. It was up more than 200% at most but then retreated quite a bit before it closed the day "only" 60% up.
Lets have a look at the daily chart:
Comment: As you can see we had the highest close since the middle of July, that is very positive, but we did not close anywhere near the high of the day so that is a little bit bearish. However, Im still more bullish here and I do want to show you the weekly chart:
Comment: As you can see here, the volume is the highest ever for Salus and we still have 3 more days left for the week so that is a sign of strength and showing that there could be a lot of potential here. But I do have some concerns, and that is visible in the 4 hour chart which is right here:
Comment: As you can see, we have this extreme hanging man which usually is very negative, but the bullish case here is that we could form a bull flag as you can see from my drawing. However, I would wait for another 4-8 hours in order to see some kind of bottom formation and then there could be an opportunity to get in with a tight stop/loss.
Happy trading!