Good evening to all steemians.
Today I come with an analysis of the crypto SALT, at this moment SALT has a value of 3879 satoshis.
Now let's get into the matter, when we see the 4 hour chart we see that it has just broken a resistance in the area of the 3763 satoshis and apparently it is doing a pullback to continue upwards.
The stochastic is oversold and the rsi also, an interesting option would be to wait for the return to level 3763 and wait for a peak of volume to make a purchase and exit the position when we have between 5 to 10% of profits.
In the 1 hour chart we can see how it has been accumulating waiting to perform its movement.
The stochastic is overbought and the rsi almost in oversold area, there could be a rise at any time. the ideal would be to wait for the purchase to close the support of the 3763 satoshis.
For now it's all friends later I'll be sharing my analyzes and market insights, cryptos, icos and more.
I say goodbye thank you for your attention, have an excellent week.
Legal Disclaimer: All my analysis are just showing possibile scenarios and not predicting the future. Technical analysys gives wrong signals very often and it just give clues to reason on the future development of a financial product. The price move often in a unpredictable way. Never invest basing only on my predictions which can be wrong and always use a correct money management. I do it for personal interest for free, 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 should not be considered financial or investment advice of any kind.
