It's been a long time since the infamous Palm Beach lines "Stop Loss: None" doomed many people into bag holding SALT. But finally at long last maybe it's SALT's turn for redemption!
SALT is nearing the end of a Descending Triangle Pattern. Normally this is a bearish pattern but because of SALT's massive increase in volume the pattern is bullish. Expecting a 64% breakout.
The On Balance Volume indicator is distorted in an interesting way that throws off confirmation of the Descending Triangle pattern.
SALT is nearing the end of a Descending Triangle Pattern. Normally this is a bearish pattern but because of SALT's massive increase in volume the pattern is bullish. Expecting a 64% breakout.
The On Balance Volume indicator is distorted in an interesting way that throws off confirmation of the Descending Triangle pattern.
Comment:
This idea isn't doing too well. The price has fallen below the lowest projected fibb line @ 2900 sats.