Crypto Contest January 24: Decentraland

Decentraland (Bittrex: MANABTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Decentraland began a wave one advance on September 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 3, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 13 this year. If this wave count is correct, Decentraland should be heading next towards the December 3, 2018 peak in the red wave three.

(Chart courtesy of (log scale))
Looking at the weekly chart, I believe Decentraland is currently in the red wave three (blue sub-wave