Crypto Contest January 27: Pal Network

Pal Network (Bittrex: PALBTC) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Pal Network began a wave one advance on November 25, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 28, 2018, and the red wave two (blue sub-waves a-b-c) correction ended on January 25 this year. If this wave count is correct, Pal Network should be heading next towards the December 28, 2018 peak in the red wave three.

(Chart courtesy of (log scale))
Pal Network is decentralizing insurance. BlockchainBrad interviewed the CEO back in November