Burstcoin has broken out of the daily wedge pattern.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe Burstcoin has completed waves one and two in the daily chart. The wave one started on the June 19 and finished on the September 13. The wave two correction ended on the November 20. If this wave count is correct, Burstcoin should be heading next towards the September 13 peak in the wave three.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, Burstcoin is currently most likely in the wave three (sub-wave iii). The wave one started in the November 2015, and finished in the April 2016. The wave two correction ended on the June 19.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long Burstcoin.
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