SALT Charts, Targets and Upcoming News/Events to look out for!

in #crypto7 years ago

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  • SALT is one of my favorites coins... this is due to many reasons but mainly due to the events they have coming up. What peaks my interest the most is the "Proof of Access" concept they have which will limit liquidity on the open market(Huge news and something I'll write a separate post on this week) and the introduction of credit/debit cards. Another huge benefit is the ability to pay off both interest and principle with the SALT token(valued at $27.50), think about people with loans exceeding millions of dollars...SALT will be purchased in bulk!!!
  • The 3D Stoch RSI has completely bottomed out with the Daily making a strong push. Overall a bullish move off the bottom
  • SALT has broken the 9D MA on the 4,6,12H timeframes and is currently pushing the daily. With the 60 000k stat level as resistance this would be the level to watch if SALT rises above the 9D MA on the Daily chart

My Next Target
Considering SALT can be bought for 5$ from exchanges and be used to pay off both interest and principal on the SALT platform at a 27.50 level, I see no point in selling SALT lower than the 27.50 pricepoint. If you want to sell, just take a loan out and redeem your SALT for 27.50

Upcoming News/Events to look out for:

  • Shawn Owen (CEO of SALT) is one of the Headline Speakers at the Bitcoin Superconference Conference, Feb 16th
  • D4C Conference, March 10th
  • Development Platform, ETH Collateralized Loans, Launch Loan Fund all the be released before March 31st
  • Launch Credit Cards, June 30th

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