BANKEX (Bittrex: BKXBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, BKX began a wave one advance on August 11. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 11, and the red wave two (blue sub-waves a-b-c) correction ended on November 26. If this wave count is correct, BKX should be heading next towards the September 11 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
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(Sources: https://bankex.com/en)
How Will BANKEX Trade?
BANKEX (Bittrex: BKXBTC) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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