TradingView
aspinwall
Dec 17, 2017 4:25 PM

SALTBTC Opportunity Long

Description

This new coin has been performing well and is following a symmetrical triangle pattern. This means that if it breaks up, we might see a huge run fuelled by FOMO. If the trend-line breaks, we can aim to buy at the support line and ride the breakout with maximum profit. If the trend continues, we might see a breakout soon. A conservative approach would be to set orders just above the resistance, to make sure the trend doesn't reverse.
Comments
montybrewster
I think you're on to something here. SALT has been trending sideways for 2+ months. Novogratz included their "#SALT" in a tweet he posted on 12/16 about cryptos - twitter.com/novogratz/status/942030707798560769, and SALT is supposed to launch in December. Commencement of operations should propel this out of its trading range to the upside and FOMO depending on how well they market their launch. A lot of cryptos at a way earlier stage than these guys have much higher market caps. I hope you are correct with your TA. Good luck to us both!
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