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bossmanlife
Oct 5, 2017 11:06 AM

BRK in uptrend Long

Description

BRK has been under the radar for quite a long time. However, if we look on 1W chart we can see that it is in uptrend, Stochastic rounding up and MACD needs a little push to enter bullish zone. Also, notice huge volume spikes.

1D chart. Stochastic bounced from oversold zone and heading up, MACD is in bullish zone, MA's on MACD are about to cross which will confirm bullish movement. 6k is resistance.



4H chart. Price bounced from 0.768 fibo which might imply that this was wave 1 of Elliot cycle. In this case, Wave 3 might reach 6k or 7400 in extremely bullish case.



Finally and most important - news. There are rumors about coin burning which might be a serious catalyst. Also, the devs came out with a great news which you can find on their twitter - twitter.com/BreakoutCoin/status/915637729240662016

Trade closed manually

Broke uptrend
Comments
vcarenok
Will see you on the moon brother :) thanks for grat analysis
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