SALT: What Comes After the Basin Phase?

in salt •  last year 

SUMMARY

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.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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
Essay: Is Technical Analysis a Quantum Event?

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I love what SALT is doing for investors.

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Great info. Amazing how you make this analysis. Well done

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He steals his INFO from me!!!

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Excuse me, please, How do we know you are saying the truth?

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Because he is a SCAMMER. I provide crypto info to my followers & #Hgin steals it. He thinks this is a fun game.

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Ok

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Haejin where are you

Haejin are you on discord?

Funny how many of the crypto charts look similar. So many potential cup and handle patterns forming. Still hoping you'll analyze Stellar. Thanks Haejin.

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My CryptoCharts are better than #Hgin's.

A real salt indeed... Please I need you guys up vote on this my post please: https://steemit.com/cryptocurrency/@andymandy01/all-you-need-to-know-about-cryptocurrency

If this BTC sell off was caused by folks selling to pay their taxes, then why hasn't SALT done better? There should have been a mad rush into it?