SALT (bin: SALT/BTC) Volume shows promise

in #salt7 years ago (edited)

Salt is showing clear signs of uptrend. A lot of accumulation which is shown by increased volume over a longer period. Double top too double bot, a reversal in progress.

On daily chart we can see 55 moving average moving below 21.

News of listing, partnership, or loan service extended too more countries, I believe could set off a bullish scenario.

SALT - DAY.png

IF SALT follows channel and breaks 42000 sat. trade is active.

SALT 4h.png

The 4h chart looks promising.

Next resistance will be around roughly 5k sat. Could probably lead to a cup n' handle long term.
Trade w/ caution.

I am by no means an expert and this is my personal opinion. Don't consider this trading advice.
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