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))
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