- December BURST 76 sats
- January BURST 727 sats
Burst was one of the lucky winner in the Christmas bull run. Incredible over 900 % gains in a little bit more than a month. However, Burst isn't spared of corrections like every asset.
So let's take a look where we are right now.
We are almost 70% down from last high and and still 77% down from ATH.
Since the 'bear' market started the Volume keeps dropping.
We have two very important supports/residence.
Residence at 240 sats
Support at 168 sats.
Burst is trading right now at 224 sats (03/25/2018).
As we can see the momentum is bearish. Lead 1 and Lead 2 crossed (cloud switched color). The price touched three times the base line until it broke. (each time a sell signal (momentum)). A very strong sell signal comes from the crossover of the conversion line (red) and the base line (blue) below the cloud.
The RSI was oversold for a very short time before it bounced back. We still have a lot of space left, we can go much lower!
We are in a downtrend right now and there are no signals of a trend turn in the short term.
So the entries for BURST long term are:
Risky: 170 sats
Conservative: 200 sats