Crypto Contest January 29: IoTeX

IoTeX (Binance: IOTXETH) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))
Elliott Wave Analysis
In Elliott Wave terms, IoTeX began a wave one advance on August 15, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 28, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 5 this year. If this wave count is correct, IoTeX should be heading next towards the October 28, 2018 peak in the red wave three.

(Chart courtesy of (log scale))
IoTeX is a privacy-centric blockchain platform that is fast, flexible and Internet of Things (IoT) friendly. You