Burst found a strong support at 68 satoshi that has been rejected few times. The support is confirmed by the 427.2% Fibonacci retracement level applied to the corrective wave after the ascending channel breakout.
After rejecting the support BURST/BTC broke above the triangle pattern and then above the downtrend trendline. These are first signs of a potential corrective wave up or even a trend reversal. For now upside targets are not clear but it is clear that if it breaks below the support the bullish outlook will become invalid.
In any case, it seems that the growth potential is on its' way and the risk/reward ratio is huge. This could attract investors and push Burst much higher.
After rejecting the support BURST/BTC broke above the triangle pattern and then above the downtrend trendline. These are first signs of a potential corrective wave up or even a trend reversal. For now upside targets are not clear but it is clear that if it breaks below the support the bullish outlook will become invalid.
In any case, it seems that the growth potential is on its' way and the risk/reward ratio is huge. This could attract investors and push Burst much higher.
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Burst should be ready for a boost
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Thank you all for comments and likes :)
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Hope you didn't forget to get some Burst
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yay... looks nice
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breaking above the previous high!
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closed above the moving average
Trade closed: target reached:
The trend up could continue, although I find it a little risky to hold now
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Perhaps will re-enter when it breaks above 166 sats
Trade active:
uptrend continues
Trade closed: target reached:
resistance at 225 satoshi, break above should push it higher but for now fixing profits