Crypto Contest December 6: SaluS

SaluS (SLSUSD) 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, SaluS began a wave one advance in January 2016. The wave one advance finished in August 2016, and the wave two correction ended in December 2016. The wave three advance finished on July 2 this year and the wave four correction ended on July 16. If this wave count is correct, SaluS should be heading next towards the July 2 peak in the wave five.

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

Funnymentals

It looks like they are updating their website, but you can find some information about the coin from the Bitcoin Talk Forum.

(Source: Bitcoin Talk)

If you think this analysis is correct, upvote this post and upvote the comment "SaluS will takeout the July 2 peak".

If you think this analysis is wrong, upvote this post and upvote the comment "SaluS will drop below the July 16 low".

If you think SaluS is in a range, upvote this post and upvote the comment "SaluS will stay in a trading range between the July 16 low and the July 2 peak until January 6, 2018".

You can upvote the comment until 3 PM EST December 7 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).