Burst coin slided from just shy of 1000 satoshi to a little more than 100 in about 50 days. The slide was accompanied by a lot of bad news about DDOS attacks and forks in the chain. On its way down Burst took out some major supportlevels, which now have become resistance (horizontal and upward red line). Last few days Burst showed resilience, RSI did not manage to reach OB-territory though and today the price ran into the old lines.. Most likely the rise will end here and turn out to be nothing more than a 'dead cat bounce', look for fresh declines in the coming days.
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Second attempt to break resistance has lead to a double peak, which means serious trouble for Bursts' price
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down, down, deeper and down!
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Looks ripe for a new drop to 0.0000016 / 12 area..
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Tried to go up, but failed (again).. so if it can go up.. it must go....
Trade closed: target reached:
Lot of alts slaugthered last two days.. might be a bounce around the corner.. Allthough I'm still not optimistic for the long term as far as it concerns Burstcoin.