*LONG* SALT : Descending Triangle: Breakout Imminent!

4 Jan 2018

Salt has been correcting over the past week+ as the profit takers do their thing and the market consolidates.

But the breakout is coming. Very, very soon.

We have a fair sized descending triangle. A break now would take us to the indicated TP. However, if the price breaks lower, the next level of interest support is indicated at 692.

I believe we will have a break between now and then.

RSI is ripe for possible short and long term reversal and MACD is making a beautiful swooping motion on the 4hr.

I will post a larger picture in the comments below, but if this goes according to plan...we are going to have a massive cup formation in the making which will provide for epic profit potential.

4 Jan 2018

Nota

The bigger picture.

4 Jan 2018

Nota

Getting awfully close to a clear breakout.

Need further signals?



Double bottom and bullish divergence on the 30 minute. This is looking very good and should take off any minute now.

4 Jan 2018

Dagangan aktif

I believe we can call that a breakout.


Closely monitor the btc price, as another rally will inevitably interrupt most alt's rally.

6 Jan 2018

Dagangan ditutup secara manual

Bitcoin made a nice little bull run which crashed most of the alt market. Unfortunately things like this happen in crypto. Correct fundamentals ---> spoiled milk. But congrats to those that made some profit during the rise.

8 Jan 2018

Dagangan ditutup: sasaran tercapai

Well. Ironically, after I closed out the trade, it ended up nearly hitting our target. So I guess a partial victory? Ha. The crypto landscape can be weird and unpredictable!