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...
Potential patter for SALT.
Heavy resistance at (0.00062510)
Sell Points: #3 (0.0006)
Support: Immediate line (0.0005)
Secondary Support Line (0.00045)
RSI: Riding close to 3/4.
MacD: Blue line bounced off the golden line but not intersect. Looking to create some separation from the golden line.
If you're looking to hold SALT longer, look to #5 as the focal...
Salt vs BTC has been moving between 2 channels predominantly as the approach to the platform launch has been creeping in. With the launch I see SALT jumping the current channel and finding support at 0.0005 BTC before moving higher. RSI indicating pullback as MACD reverses.
(Possible pattern for SALT)
Bullish pin bar indicated followed by a bullish candle.
RSI Line: Moving upward
MacD: Neutral- Waiting to cross lines toward upward path.
Strong resistance at 0.00045.
This will be the telling point if the pattern is to continue.
Strong Resistance Point - (0.00045)
#3 on the chart (0.00050)
Salt has their platform launch coming in December.
Very obvious accumulation done around 44k sats with price pushed down anytime it breaks out. Sell walls put up to stop price from breaking out.
Buy between 42-44k sats and wait for sell walls to go down.
Stop loss around 42k or 40k in case whales try to push it down more and how conservative you are
Check details on chart.
Last candle was a piercing line.
Piercing Patten Candlestick charting formation, similar to Bullish Engulfing Pattern is a bullish reversal candlestick pair occuring at the bottom of downtrends .
Chart staircasing its way up, creating and maintaining new support each time, despite BTC volatility. USD value also steadily holding just below the $4 signals strong buyer support.
Fundamentals at play also strong, with platform launch by end of December.
Will be holding a bag long term into the new year but will be TP'ing and rebuying along the way. First big...
SALT Lending is a great platform that offers blockchain based loans, where you can loan fiat money and use your crypto as collateral. This is the first product of its kind, and looks like it will revolutionize the banking world, by offering credit to those who would be denied a loan by the bank - such as most millennials. I'm long. Looking to unload a little bit...