Crypto Contest January 22: Loopring

Loopring (Binance: LRCBTC) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Loopring began a wave one advance in September 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in April 2018, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Loopring should be heading next towards the April 2018 peak in the red wave three.

(Chart courtesy of (log scale))
You can see the wave count even better in the line chart.

(Chart courtesy of (log scale))
Loopring is