There is a tendency for a crypto to select one type of consolidation form and pretty much repeat it again and again. SALT is showing that tendency. Which pattern do you think is it's favorite pattern? The blue rounded price formation delivered a sizable 724% profit with an impulse set. The current rounded price formation (white) is in the basin phase. What would come next?
More detailed Elliott Wave mapping shows that a new impulse wave up could be just around the corner (blue). The MACD has already started to break out and it's maturity would support a price surge to likely complete blue wave 1; the start of building the right wall of the rounded pattern.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
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