As you already know, SALT will be delisted from Binance and it dropped significantly since the announcement! But, there is a great chance that the price will revers from this point.
Let's take a look at the chart above:
- The RSI is oversold, and if we look back on the chart, the price always bounced from that point.
- There is a possible Three Drives Pattern...
With the upcoming news that #binance is going to delist SALT, there is a possibility that the price will go lower!
But, that is not the end for SALT! It is still available in a lot of great exchanges ( bittrex, huobi, OKEx... etc)
If that happens, and the support will reject the price back up... a three drives pattern will be formed and then... SALT is going to...
The unexpected Binance delisting was crippling to SALT's price, but the only reasoning was regarding the $50mil they raised for their ICO. However, I believe they will be relisted on Binance again especially before the next bull run because when that happens people will be fleeing the taxman to cash in all their crypto gains. And if any of you are as optimistic...
Another handful of coins gets delisted on Binance. The vast majority of volume for SALT is on Binance so this is not a good situation for future liquidity.
Will we get an exit pump before the 22nd...
Risk to reward 0.85
Low volume sell off.
Sell @590-597 @ 8 day moving average. Next target is 13 day moving average.
RSI support formed from 06 of February. Potential bounce zone.
MACD histogram ticking up while price going down.
Trade: Salt (SALTBTC)
Buy: 0.0000610 – 0.0000650
Stop loss: Close daily below 0.0000500.
I am sharing my SALTBTC trade at the request of one of our amazing followers.
Enjoy the profits as they come.
The Future Is Now (29-Dec-2017)
Today I went to the future, to see what it was like.
Just a simple projection here.
Lets see how it works out.
Good luck everyone ;)
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
The Weekly Chart on $SALTBTC looks coiled and ready to rip! Accumulating cheap price under 0.0000700! Back on 12/28/17 SALT/BTC hit a high of $17 USD now it sits around .23 cents! Buying long and holding for the coming months as this could really gain momentum again back near the $1-$10 range. Still it could go even higher but time will tell! Looking forward to...