Crypto Contest January 5: Loom Network

Loom Network (Binance: LOOMBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Loom Network began a wave one advance on September 12, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on October 12, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on November 25, 2018. If this wave count is correct, Loom Network should be heading next towards the October 12, 2018 peak in the red wave three.

(Chart courtesy of (log scale))
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