I'm quite new to elliott wave analysis and trading in general, but it looks to me that the most recent rally downwards was the wave 5 of the cycle and now we are seeing a correction upwards to the upper trendline of the wedge. Whether or not we break out will depend on the whales/cartels and how the cryptosphere is in the coming weeks. We are in for a world of hurt if we fail to break out and instead fall out of the wedge.