Crypto Contest December 6: Salvium

Salvium (CoinEx: SALUSDT) has broken out of the triangle pattern in the four-hour chart.

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

Elliott Wave Analysis

In Elliott Wave terms, SAL began a red wave one advance on October 31. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on November 20 and the red wave two (blue sub-waves a-b-c) correction ended on November 29. If this wave count is correct, SAL should be heading next towards the November 20 peak in the red wave three.

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

Funnymentals

Salvium is a layer 1 privacy coin. You can watch their intro video below.

(Sources: https://salvium.io/)

How Will Salvium Trade?

Salvium (CoinEx: SALUSDT) four-hour chart by Tradingview.

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

Prizes

I will be giving upvotes to the correct answers (posts only).

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 and comment below

SAL will takeout the November 20 peak

SAL will drop below the October 31 low

SAL will stay in a trading range between the October 31 low and the November 20 peak until January 12

Posted Using InLeo Alpha