Looks like we have a classing head and shoulders formation that came back and retested the neck line only to have it fail.. Time to prepare for a discount.
Good Luck and God Speed Gents
Mr. Manbearpig
Flat kumo opens the door for an edge to edge trade and look how perfectly the 2.618 fib is aligned to the cloud
SALT also had a breakdown rejection so that makes this token even more solid for a bull run
The volume since late March justifies that a lot of whales has been accumulating this coin in silence for this pump
Lots of alt coins seem to be going down the same path. I was expecting big things from SALT LT but this is making me nervous. Lets hope that $ADA and $BTC aren't going to do what $SALT and $POE have done.
Bottom of the cloud holding strong for now, edge to edge still in play, 100%+ to the top of the cloud. The longer it lingers around the bottom of cloud like this the less likely we will see the E2E play out. Next few days are key.
SALTBTC has been moving nicely, so far. If it can break above 0.00050, it should be a smooth ride up from there. I don't have a stop-loss set, but if I did, I would set it around 0.00036.
Salt has formed a bullish trend-line with current support at 42600 sats. A confirmation of this could see the price hit 48000 and on wards to 50000 very soon.
One I've been following this trade for sometime. Expecting some big movements from salt in the near future. We have already made a nice push through the intraday swing high. Entering this liquidity pool sent price running to retest the daily S/R level. Most resistance levels have been cleared nicely. Shorter time frame charts are looking ready for more movement...
SALT is slowly climbing upwards. Can we get a good 5th wave after the current retrace ?
The ingredients are there, we just need to add a bit of salt for the flavour :)
Cheers
I like to give an idea about the popular lending currency or what you may call it SALT. Hopefully their system of lending backed by collaterals etc (check out their site) will expand to more than just America and some other country I can't seem to remember.
Cool things coming their way.
Remember, bullish season everything seems to shape and go as planned. Well...
Basic idea of the chart: when it's bullish, best to hold USD or BTC. When it's bearish, best to hold SALT.
Hoping for some more bearish-ness from the chart, and I'm long on SALT.
