SALT - for the last month this coin has had some really strong volume and price increase, however the recent move by BTC hit SALT hard with the price retracing to the 61.8% fib.
The fib coincides with a previous support line and the bounce printed a bullish doji morning star on the 4 hour. In addition we can see bullish rsi divergence and the formation of a bullish falling wedge.
The 1 day is on the verge of printing a strong hidden divergence (if the rsi forms a new valley).
If you are already in SALT it is worth staying in to see if this current price level support holds and the divergences play out.
If you are looking to buy the same applies - it is noted that the rsi has come up more than I would prefer on the lower timeframes so we may see some sideways movement or a retest of the support level before trying to break out of the wedge.
The fib coincides with a previous support line and the bounce printed a bullish doji morning star on the 4 hour. In addition we can see bullish rsi divergence and the formation of a bullish falling wedge.
The 1 day is on the verge of printing a strong hidden divergence (if the rsi forms a new valley).
If you are already in SALT it is worth staying in to see if this current price level support holds and the divergences play out.
If you are looking to buy the same applies - it is noted that the rsi has come up more than I would prefer on the lower timeframes so we may see some sideways movement or a retest of the support level before trying to break out of the wedge.
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