Crypto Contest December 18: SALT
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.
- SALT will takeout the August peak
- SALT will drop below the June low
- SALT will stay in a trading range between the June low and the August peak until January 23
Answer the question at dpoll.xyz.
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Correct. Upvoted your comment:
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SALT will takeout the August peak
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$rewarding 50
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The reward of this comment goes 100 % to the author kohr. This is done by setting the beneficiaries of this comment to 100 %.
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$rewarding 50
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SALT will takeout the August peak
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Correct. Upvoted your post:
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Correct. Upvoted your post:
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