Salt Lending Breakout - We Had A 4 Hour Close Above Important Trendline
Salt has had a pullback for some time now, but now it does look like it is about to turn back up again. Here is the daily chart:
Comment: We can see from the chart that the trendline has been broken to the upside and that we have found support around the bollinger band median (red line). On the 4 hour chart we can also see that we have had a close above the trendline, check it out:
Comment: This is a good sign, but the daily close is more important and I want a daily close above 97000 Satoshi in order to feel satisfied with this breakout. If that will occur, we will most likely head back to the old ATH at around 120000 satoshi.
Happy trading!