Salt potential 2x trade

Jan 4, 2018Salt is looking to be ready for another leg up in it's cycle. Held 50% retracement of the last leg up and we are looking at the extension move towards 0.0022 in this month. More of a mid-term trade but this coin has room to grow in the long term, especially if you check out their lending platform which is an excellent working product. Good luck. If the 0.5 retracement does not hold as support, we must consider this trade invalidated.

Jan 5, 2018

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Salt is currently testing the support at 0.00073. if that support fails, next support at 0.00062

Jan 6, 2018

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held the support at 62 beautifully, if bitcoin does not get too impulsive from here (i believe i will pretty soon) we can see the upward strength soon. In case we drop once again under the 62 support we need to think over this analysis again.

Jan 22, 2018

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if 62k support breaks, I will have to re-evaluate the analysis. Still bullish on salt, depends on the overall market conditions.