$BitMine Immersion Tech(BMNR.US)
BMNR seems to be in its fourth wave of a huge 5 wave impulse. This ticker is best seen on a log chart (attached).
As of post, it looks to be in a bottoming process and at the 100% retrace of the B between the 38.2 and 50 retrace of the 3rd wave on declining volume.
Key look out points are a bullish candle at these levels followed by increasing volume and a clear 5 waves up.
RSI has broken its downtrend with bullish divergence confirmed by the detrended oscillator.
I am cautiously bullish on BMNR rallying from here in into its fifth wave provided supports hold.
On a side note and for academic purposes, the ABC might be better viewed as a WXY pattern.
Disclaimer: For sharing purposes only. Kindly do your own due diligence!
@Bridge Buzz SG @Longbridge Singapore
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