Crypto Contest December 18: SALT

Crypto Contest December 18: SALT

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SALT (Huobi: SALTETH) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, SALT began a wave one advance on June 28. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on August 24, and the red wave two (blue sub-waves a-b-c) correction ended on December 13. If this wave count is correct, SALT should be heading next towards the August 24 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Salt is the token of the Salt lending platform that allows users to collateralize their blockchain assets to get loaned cash. They just made a major announcement on December 13.

(Sources: https://www.saltlending.com/)

How Will SALT Trade?

SALT (Huobi: SALTETH) daily chart by Tradingview.

(Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices.

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• SALT will takeout the August peak

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• SALT will drop below the June low

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• SALT will stay in a trading range between the June low and the August peak until January 23

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Answer the question at dpoll.xyz.