On 4 hour chart "negative" momentum is clearly decreasing. It's about to break major resistance and reverse to the bullish trend.
My short-term targets is: 10500-11500 sat.
Longer-term: 13000-15000 sat.
As we can see, salt clearly broke the resistance of falling wedge. Support at 31k sat held nicely. I don't think we are going to break that support, so we are never going inside the wedge.
I think we will move sideways for a while just like bitcoin. Then, when the some volume is going to kick in, we are going to see a breakout.
My targets are fibonacci...
BINANCE:ICXBTC Is clearly following 15 day moving average. We found support on that MA many times and now it's acting as a resistance.
I think once we break that resistance, we will see nice uptrend.
It looks a lot like falling wedge.
We might revisit 31k sat again. If price stays 30k then we might see the breakout, I believe. Unless bitcoin drops dramatically.
On Binance ( ETH/BTC ) in 1 min time frame nearly 2k ethereum was the volume...
Price dropped from 0.82 to about 0.71, and then it jumped back to 0.82 . Because of such things I never set a stop-loss.
Anyone knows what happened there?
Its a great coin and its still keeping upwards momentum. Its getting squeezed in triangle. Now we have a nice pullback and we might see breakout in following days.
Plus bitcoin had a dip and omg just followed it. Every time bitcoin rose, so did omisego. I think if bitcoin goes to $10k, we might reach 0.0017 .
Please tell me what you think in the comments.
