SUMMARY
SALT Lending (SALT/USD) is signaling that the deep abc correction could be complete. After a five wave impulse, the abc was a flat that shaped into a downward bullish wedge. Price has breached out and above the upper triangle line; however, it so far looks three wavish. More is needed such as higher highs to complete the first round of the impulse.
The fact that five subwaves of the C wave (blue) can be identified shows that the bottom could likely be complete. The white impulse waves show the next set of waves to confirm a trend reversal. There are instances where a wedge breakout could still lead to a lower low; however, in this much will depend on the activity of Bitcoin.
This chart shows the closeup of why the break thus far looks abc three wave like and this picture must be changed soon with impulsive waves to sustain the bullish outlook.
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