Lets get this out of the way...
This is my first published idea, so please add your own constructive feedback.
BURST fundamentals aren't there, but then again Dogecoin was meant to be a joke and look how its done.
Ok, why do I think BURST may be about to moon?
Looking at the weekly timeframe:
1) It's been consolidating for over a year and is showing some sings of life (bullish).
2) It's MACD has been on a long uptrend and is very close to breaking positive (bullish).
3) It's RSI recently had a double bottom and just broke 50 (bullish).
Looking at the daily timeframe, it looks like it may pull back for a couple of days before starting to take off.
If it can start moving while were still in alt season, I think a HUGE run is possible, easily 10x.
Let me know your thoughts.
This is my first published idea, so please add your own constructive feedback.
BURST fundamentals aren't there, but then again Dogecoin was meant to be a joke and look how its done.
Ok, why do I think BURST may be about to moon?
Looking at the weekly timeframe:
1) It's been consolidating for over a year and is showing some sings of life (bullish).
2) It's MACD has been on a long uptrend and is very close to breaking positive (bullish).
3) It's RSI recently had a double bottom and just broke 50 (bullish).
Looking at the daily timeframe, it looks like it may pull back for a couple of days before starting to take off.
If it can start moving while were still in alt season, I think a HUGE run is possible, easily 10x.
Let me know your thoughts.