Bitmark has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Bitmark has completed one cycle from the May 18 low. The five wave advance finished on the September 24, and the three wave correction ended on the October 29. If this wave count is correct, Bitmark should be heading next towards the September 24 peak.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Bitmark is currently most likely in the wave three (sub-wave iii). The wave one started in January, and finished in March. The wave two correction ended on the May 18.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Bitmark.
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