Trader-Elisa

BURST - Wave continuing?

Long
Hit first resistance but I'm not convinced Wave 5 has completed properly yet - I can only see two distinct impulses within it so far. RSI was overbought and there was some bearish divergence on that and the MFI which forced the retrace, however there was a big volume spike.
May see a brief retrace then another go to make it to the 1.618 fib or the next resistance level.
I'm bullish on BURST, I like the regular releases and updates from the team and their transparency.

Come say hi @elisa_crypto on twitter!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.