SALT - Great Long Entry Point
The unexpected Binance delisting was crippling to SALT's price, but the only reasoning was regarding the 50mil they raised for their ICO. However, I believe they will be relisted on Binance again especially before the next bull run because when that happens people will be fleeing the taxman to cash in all their crypto gains. And if any of you are as optimistic about the future of cryptocurrency as I am, I believe SALT could skyrocket come the next run. This seems like a great entry point for a long-term trade. It's 34x off its all-time high. The price currently in a falling wedge. The daily MACD had a bullish crossover the indicator and bullish divergence can be seen as it moves closer to the zero line. I believe once we hit that zero line, the price could take off. The daily RSI is 26 and the weekly is 30, both indicating oversold. I think we could get a bounce out of this falling wedge to start the next run.
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