vgulkevic
Panjang

BRK in uptrend

BITTREX:BRKBTC   Breakout / Bitcoin
BRK             has been under the radar for quite a long time. However, if we look on 1W chart we can see that it is in uptrend, Stochastic rounding up and MACD needs a little push to enter bullish zone. Also, notice huge volume spikes.

1D chart. Stochastic bounced from oversold zone and heading up, MACD is in bullish zone, MA's on MACD are about to cross which will confirm bullish movement. 6k is resistance.



4H chart. Price bounced from 0.768 fibo which might imply that this was wave 1 of Elliot cycle. In this case, Wave 3 might reach 6k or 7400 in extremely bullish case.



Finally and most important - news. There are rumors about coin burning which might be a serious catalyst. Also, the devs came out with a great news which you can find on their twitter - https://twitter.com/BreakoutCoin/status/915637729240662016
Perdagangan ditutup secara manual: Broke uptrend
Will see you on the moon brother :) thanks for grat analysis
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