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SALT potential 100% profits 2-3 months
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Hi guys, heres an idea that i feel great about on SALT
Salt is a lending platform that are you to take out cryptocurrency loans with fiat currencies. A first of its kind to have a working product.
Buy: 66642 - 74000
Sell: 136000 - 152000
Fundamentals:
Salt plans to release their credit cards which are scheduled for release in Q1-Q2
They are adding ethereun based loans by end of 31st of march
Adding development tools and API
They are holding a conference on 10th of march, which would bring a lot of exposure to this coin.
Technicals:
SALT looks like to have completed its 1st 5 impulse waves. The corrective wave had retraced very nicely to just around the 0.618 region - very healthy!
It has formed a triangle in which the bulls and the bears are fighting it out.
Taking fib retracements from the 1st impulse wave, the 3rd impulse wave had reached a target of well more than the 1.618 range. It would be likely to assume that the coin may target the 2.618 range or even higher - where i've targeted it.
some people may say that the 2nd corrective wave invalidates the elliot waves and thus makes this a failed breakout. i disagree, because it does not retrace into the start of wave 1, this is a elliot wave pattern.
Im still new to this TA stuff, trying to learn Elliot waves and fib retracements, im welcome to critiques. Grill me :)
Salt is a lending platform that are you to take out cryptocurrency loans with fiat currencies. A first of its kind to have a working product.
Buy: 66642 - 74000
Sell: 136000 - 152000
Fundamentals:
Salt plans to release their credit cards which are scheduled for release in Q1-Q2
They are adding ethereun based loans by end of 31st of march
Adding development tools and API
They are holding a conference on 10th of march, which would bring a lot of exposure to this coin.
Technicals:
SALT looks like to have completed its 1st 5 impulse waves. The corrective wave had retraced very nicely to just around the 0.618 region - very healthy!
It has formed a triangle in which the bulls and the bears are fighting it out.
Taking fib retracements from the 1st impulse wave, the 3rd impulse wave had reached a target of well more than the 1.618 range. It would be likely to assume that the coin may target the 2.618 range or even higher - where i've targeted it.
some people may say that the 2nd corrective wave invalidates the elliot waves and thus makes this a failed breakout. i disagree, because it does not retrace into the start of wave 1, this is a elliot wave pattern.
Im still new to this TA stuff, trying to learn Elliot waves and fib retracements, im welcome to critiques. Grill me :)
Not
Edit! In Technicals, SALT has actually completed 4 of the 1st 5 impulse waves meaning there is 1 more wave up!.
Not
Looking back on this stuff makes me quite nostalgic.And i realise the error of my ways when I first started out practising TA.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.