Burst coin does look very healthy and could provide a substantial growth on invested coins. Although there are quite a few obstacles on its' way up.
BURST/USD found the support at $0.005, rejecting it multiple times and then breaking above the descending channel. At the same time, it broke above the 200 Moving average and on a corrective wave down rejected it. Higher highs and higher lows pattern is also present, and with all given facts the conclusion is that Burst has established an uptrend.
First strong resistance is seen at 50% Fibonacci retracement level, the very same resistance that has already been rejected on the 3rd of September and could act as a heave resistance once again. Then Burst could overcome 61.8% and 71.6% retracement leves and if that happens it should rise towards 127.2% that is $0.032, or 161.8% that is $0.04
While the enourmous growth potential is there, reistance levels must be watched and only break below the $0.005 support would invalidate bullish outlook.
BURST/USD found the support at $0.005, rejecting it multiple times and then breaking above the descending channel. At the same time, it broke above the 200 Moving average and on a corrective wave down rejected it. Higher highs and higher lows pattern is also present, and with all given facts the conclusion is that Burst has established an uptrend.
First strong resistance is seen at 50% Fibonacci retracement level, the very same resistance that has already been rejected on the 3rd of September and could act as a heave resistance once again. Then Burst could overcome 61.8% and 71.6% retracement leves and if that happens it should rise towards 127.2% that is $0.032, or 161.8% that is $0.04
While the enourmous growth potential is there, reistance levels must be watched and only break below the $0.005 support would invalidate bullish outlook.
코멘트:
First resistance rejected, Burst will not break above, a correction down is likely
코멘트:
Get ready for a huge growth!
코멘트:
It is quite likely to go beyond my targets
코멘트:
you guys are being brilliant with likes and support )
거래청산: 타겟 닿음:
Closed at 0.031
액티브 트레이드
코멘트:
Very close to the final target, stop loss at 0.03
거래청산: 타겟 닿음:
Thank you all for likes and support :) Hope you enjoyed the profit
코멘트:
Interestingly Burst found the support where resistance was.... could go high again