Crypto Contest February 3: TenX

TenX (Bittrex: PAYUSD) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of (log scale))
Elliott Wave Analysis
In Elliott Wave terms, TenX began a wave one advance on January 10. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 21, and the red wave two (blue sub-waves a-b-c) correction ended on February 1. If this wave count is correct, TenX should be heading next towards the January 21 peak in the red wave three.

(Chart courtesy of (log scale))
TenX is a Singapore-based blockchain company that makes cryptocurrencies spendable on-the-go. You can view their latest Q&A stream

Crypto market signals stability

Whereas investor confidence was wavering and unpredictable during the 2018 bear market, 2019 is showing us a stable market which has so far supported sustainable growth.

From a bullish perspective this is a positive sign – and one which is hardly surprising. For the past year I have been attacking bearish sentiment on all fronts: the inane mentality that sells a long-term hold for short-term profit (akin to selling Microsoft shares in the early ’80s), negative sentiment towards crypto – a disruptive revolution in international finance, the total disregard of a plethora of positive and substantial 2018 crypto news etc.

I’ve given