SALT (Huobi: SALTETH) has broken out of the triangle pattern in the daily chart.
[](https://postimg.cc/G46YTh4j)
(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.
[](https://postimg.cc/JthbFgCZ)
(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](https://blog.saltlending.com/uphold-and-salt-announce-platform-integration-to-seamlessly-connect-1-65m-198064562789) on December 13.
[](https://postimg.cc/Hr5YkpX5)
(Sources: https://www.saltlending.com/)
**How Will SALT Trade?**
SALT (Huobi: SALTETH) daily chart by Tradingview.
[](https://postimg.cc/XXk3hH3K)
(Chart courtesy of Tradingview.com (log scale))
**Prizes**
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