SALT Lending (SALT): Higher Highs Needed to Confirm Impulse
SUMMARY
SALT Lending (SALT/USD) is signaling that the deep abc correction could be complete. After a five wave impulse, the abc was a flat that shaped into a downward bullish wedge. Price has breached out and above the upper triangle line; however, it so far looks three wavish. More is needed such as higher highs to complete the first round of the impulse.
The fact that five subwaves of the C wave (blue) can be identified shows that the bottom could likely be complete. The white impulse waves show the next set of waves to confirm a trend reversal. There are instances where a wedge breakout could still lead to a lower low; however, in this much will depend on the activity of Bitcoin.
This chart shows the closeup of why the break thus far looks abc three wave like and this picture must be changed soon with impulsive waves to sustain the bullish outlook.
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SALT is near the bottom and is starting to display signs of divergence on the daily. Over the next week or so we should start seeing signs of an uptrend. Expecting SALT to be a big winner in March.
Daily and Weekly In-Depth BTC/USD Analysis (New Bull Trend or Bull Trap?) https://steemit.com/bitcoin/@investingtips/imminent-long-term-break-out-up-or-down-for-bitcoin-this-is-a-pivotal-moment
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How To Easily Trade Ethereum/USD on the Daily Chart!
SALT one of my favorites, thanks for sharing your analysis
Read more here how to become Cardano billionaire :)
It bothers me that the text says flag but he looks like he's throwing a yellow napkin
Hope you're right, all your salt posts have projected to go up but it's been stagnating the last 2 months. Hope salt can start make some changes up.
All Haejin Post Are Bullshit
Coins mentioned in post:
Thanks for going threw all the charts An breaking it down in a easier way for people like me who ain't to bright when it comes to reading the charts great help great info keep it coming
This info is complete garbage
Do you have better other people seem to agree with this guy to hence his upvotes and good comments from the community
Hey @haejin u received 100% upvote from @gangas. Awesome trading post.
Thanks.
How about ETC? Any update forseen?
Nice!
My new:
https://steemit.com/bitcoin/@analysisman/daily-report-btc-steem-eth-xmr-ltc-dash
I had no idea about SALT/USD.Your way of showing the market activity is just brilliant.You show everything in details.It makes easy to us to decide what to do during this market trend.That's a nice informative post.@upvoted and resteemed
Sold all my holdings a while back
around now would likely be a good time to get back in. I sold some near the top but not enough and been buying back on the way down.
For some reason I just don’t feel it anymore. I’m a chick; forgive me. But got some EthLend, Debitum ICO and SAND token with it. I’m very ok with the trade offs.
Aloha!
Why would I need to forgive you (or think any less of you) because you are a woman? As it turns out SALT's recent announcement was not good news and the price dropped further.
Thank u. But I guess what I meant to say was; I went with my gut; get rid of it!