Here is a trade setup I'm taking on SALT.
The coin had a extensive retracement, now price has printed a double bottom and daily RSI is showing a bullish divergence.
Several resistances in front:
- the previous support of falling wedge turned resistance
- Falling wedge resistance
This is a long term trade and I highlighted in green my TPs zones.
Another update on another coin. This time it is SALTBTC.
You are looking at the daily chart, which tells us a couple of things:
- SALT is at an all-time-low on Binance
- MACD is crossing up
- Histograms of MACD are showing a bullish divergence
- RSI is climbing out of the oversold area
This could mean that a reversal is in place.
BUY NEAR 24500
SELL TARGETS ARE
:white_check_mark:ON SUPPORT LEVEL
:white_check_mark:ALSO LUNCHING CREDIT CARDS IN THIS QUARTER
Looking at SALT's daily chart, we can see a nearly completed falling wedge. SALT has been consolidating after hitting its high in late December and is now showing signs of reversal. The RSI is hovering above oversold and there is bullish divergence on the MACD with a bullish crossover. I would expect a breakout at any time.
If you have been following my TA, you know I have a stronger bearish Bias on BTC (and through extension all the alts) until we have hit a bottom with capitulation. And while it is possible we have hit that bottom (not likely IMO), checking out coins like SALT really makes me want to start seriously stacking up on alt bags again. The whole chart looks like a...
Technical analysis is on the chart
Salt Fundamental Analysis:
*SALT (SALT) stands for Secure Automated Lending Technology. Its a platform that allows blockchain asset holders to leverage their holdings as collateral for cash loans.
*They are launching Credit Cards in a month
The charts tell all, everything looking good for a long term investment here now!
I add salt to my portfolio now i havent been in salt before but i realy think this is a good entry point for salt long term!
I looking at this as a very unique entry. I think i will regret later if I did not take a small position in salt now.
spread your entry out around 2750 -...
It's been a long time since the infamous Palm Beach lines "Stop Loss: None" doomed many people into bag holding SALT. But finally at long last maybe it's SALT's turn for redemption!
SALT is nearing the end of a Descending Triangle Pattern. Normally this is a bearish pattern but because of SALT's massive increase in volume the pattern is bullish. Expecting a 64%...
SALT-BTC is ready to bounce from the Support Line.
Accumulation is going on, Volume is increasing.
Fill your Bags below 0.000364 SALT-BTC.
0.000355 to 0.000364 SALT-BTC
1. Target 0.000395 SALT-BTC
2. Target 0.000412 SALT-BTC
3. Target 0.000475 SALT-BTC