Burst has sucessfully broke the orange trendline (on this one we used the body of the candles).
This has already been tested on lower timeframes, however, as the red path line shows, we might retest it again and see the 0.786 fib hold. It's a great buying area.
However, since Burst has shown so much strenght, got the retrace to 20 sats (0.318 fib, golden pocket), we might just as well go ahead and break the purple trend line (from the wicks). I'd expect to see the price push and then retest the trendline. If you are not in yet, another safe entry would be that retest.
You can check that pattern of bump n'run & reversal bottom has been present on every other altcoin. Burst time is coming.
After that, unleash the bulls!
This has already been tested on lower timeframes, however, as the red path line shows, we might retest it again and see the 0.786 fib hold. It's a great buying area.
However, since Burst has shown so much strenght, got the retrace to 20 sats (0.318 fib, golden pocket), we might just as well go ahead and break the purple trend line (from the wicks). I'd expect to see the price push and then retest the trendline. If you are not in yet, another safe entry would be that retest.
You can check that pattern of bump n'run & reversal bottom has been present on every other altcoin. Burst time is coming.
After that, unleash the bulls!
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Seems that Burst has gained attention since Elon Musk tweeted about the Bitcoin energy consumption.
Pretty much all the green coins pumped, Burst included. The thing is, Burst is underpriced and investors are starting to notice it.
Pretty much all the green coins pumped, Burst included. The thing is, Burst is underpriced and investors are starting to notice it.
After large, and mid caps, it's the turn to the low ones to pump, and that is Burst.