SUMMARY
SALT Lending (SALT/USD) is signaling that the deep abc correction could be complete. After a five wave impulse, the abc was a flat that shaped into a downward bullish wedge. Price has breached out and above the upper triangle line; however, it so far looks three wavish. More is needed such as higher highs to complete the first round of the impulse.
The fact that five subwaves of the C wave (blue) can be identified shows that the bottom could likely be complete. The white impulse waves show the next set of waves to confirm a trend reversal. There are instances where a wedge breakout could still lead to a lower low; however, in this much will depend on the activity of Bitcoin.
This chart shows the closeup of why the break thus far looks abc three wave like and this picture must be changed soon with impulsive waves to sustain the bullish outlook.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It shoud not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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SALT is near the bottom and is starting to display signs of divergence on the daily. Over the next week or so we should start seeing signs of an uptrend. Expecting SALT to be a big winner in March.
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How To Easily Trade Ethereum/USD on the Daily Chart!
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I am hoping for a further correction in SALT.
Hope to buy more at $2
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SALT one of my favorites, thanks for sharing your analysis
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Read more here how to become Cardano billionaire :)
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It bothers me that the text says flag but he looks like he's throwing a yellow napkin
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Hope you're right, all your salt posts have projected to go up but it's been stagnating the last 2 months. Hope salt can start make some changes up.
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Coins mentioned in post:
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Thanks for going threw all the charts An breaking it down in a easier way for people like me who ain't to bright when it comes to reading the charts great help great info keep it coming
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Do you have better other people seem to agree with this guy to hence his upvotes and good comments from the community
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Thanks.
How about ETC? Any update forseen?
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Nice!
My new:
https://steemit.com/bitcoin/@analysisman/daily-report-btc-steem-eth-xmr-ltc-dash
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I had no idea about SALT/USD.Your way of showing the market activity is just brilliant.You show everything in details.It makes easy to us to decide what to do during this market trend.That's a nice informative post.@upvoted and resteemed
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Sold all my holdings a while back
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around now would likely be a good time to get back in. I sold some near the top but not enough and been buying back on the way down.
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For some reason I just don’t feel it anymore. I’m a chick; forgive me. But got some EthLend, Debitum ICO and SAND token with it. I’m very ok with the trade offs.
Aloha!
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Why would I need to forgive you (or think any less of you) because you are a woman? As it turns out SALT's recent announcement was not good news and the price dropped further.
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Thank u. But I guess what I meant to say was; I went with my gut; get rid of it!
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thanks a lot! oh my SALT..
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Can you help me out to clear somethings out for a rookie @haejin... Is it possible to have ABC after flat ABC correction(third chart)? Or this ABC which occured after the blue wave 5 gonna be subwaves of D wave prior to lower low which follows by wave E? if this is the case Wave E would be out of wedge
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SALT has been good to me but has certainly dropped a long way. Let's hope this is the bottom - thanks
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SALT and ETHLend seems to be competing for the same blockchain niche. Thanks for the interesting article!
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Looks like Salt/XVG holders have the same sentiment; and they're both either in ABC mode or about to impulse wave 3. All depending on BTC.
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Hey @haejin u received 100% upvote from @gangas. Awesome trading post.
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I think salt is a good project
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