Largo
*LONG* SALT : Descending Triangle: Breakout Imminent!
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.
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.
Nota
The bigger picture.
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.
Operación activa
I believe we can call that a breakout.
Closely monitor the btc price, as another rally will inevitably interrupt most alt's rally.
Operación cerrada manualmente
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.Operación cerrada: objetivo alcanzado
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!
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.