SALT is in for a treat

15. Mai 2018

Flat kumo opens the door for an edge to edge trade and look how perfectly the 2.618 fib is aligned to the cloud
SALT also had a breakdown rejection so that makes this token even more solid for a bull run
The volume since late March justifies that a lot of whales has been accumulating this coin in silence for this pump

15. Mai 2018

Anmerkung

The risk reward ratio is 5.6 so that is definitely insane
Any correction or close below the cloud again would invalid this whole bull run and that is where we will get out of this trade aka stop loss

15. Mai 2018

Anmerkung

Currently the salt is strugling to break above the 0.618 fib
Three 4 hour candles tried to break through that fib but haven't been successful yet
So we wait for the break then take the trade

15. Mai 2018

Anmerkung

It broke down from it's ascending triangle and failed to successfully break above the 0.618 fib
Also the 4 hour RSI looks overbought so 0.382 fib is the level i am looking to buy which still will be within the cloud

16. Mai 2018

Anmerkung

Didn't expect salt to hit 0.236 fib
I actually entered at 0.382 and my orders were at 3761
I can't really tell what is going to happen next because the price is between the support and resistance
A successful break of either level will determine the overall trend of the pair