BMNR (ADR 46%) - Pennant Pattern within 10 and 20-MA
$BitMine Immersion Technologies Inc.(BMNR)$ Incredible surge in ADR from 30th June +700% move with 110mil share vol traded. avg dollar vol exceeds $400mil now. Move may already be over but what caught my attention is how the price is compressing above the rising 20-MA, while 10-MA pinches in. An execution like this will require RVOL exceeding 100% post 15mins to consider validation of breakout.
Bitmine Immersion Technologies, Inc. is a blockchain technology company, which engages in industrial scale digital asset mining, equipment sales, and hosting operations. It operates through the Cryptocurrency Mining Industry segment.
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