BurgerSwap (BURGER/USDT) Time to DOUBLE your money!
Hey everyone! Hope you're doing well. Apologies for my lack of posting - life has been busy as I am sure it is for you as well!
12 days ago, BurgerSwap was listed on Binance in pair with USDT and BUSD. I watched the market play and to say there was volume is an understatement with the price nearly tripling in 3 days.
As it could only be traded with Binance Coin (BNB) previously the interest and volume was far less, although still trading quite steadily.
Yesterday, we hit another milestone with BurgerSwap securing $700,000,000 in total value, $100,000,000 more than the previous day. Unbelievable.
TECHNICALS
Wedge Formation
We are currently on the fifth touch of the descending wedge. We might have one last touch on the bottom of the triangle before a breakout.
Supply & Demand Zones
We have found a strong horizontal support at the $12-14 range and a horizontal supply zone at the $25-30 range. We also have a mirror level where resistance becomes support at $18-21 range.
It is important to wait for a break of the trend to confirm breakout. The perfect buy zone is between $12-13.
Love, peace, Seb.
12 days ago, BurgerSwap was listed on Binance in pair with USDT and BUSD. I watched the market play and to say there was volume is an understatement with the price nearly tripling in 3 days.
As it could only be traded with Binance Coin (BNB) previously the interest and volume was far less, although still trading quite steadily.
Yesterday, we hit another milestone with BurgerSwap securing $700,000,000 in total value, $100,000,000 more than the previous day. Unbelievable.
TECHNICALS
Wedge Formation
We are currently on the fifth touch of the descending wedge. We might have one last touch on the bottom of the triangle before a breakout.
Supply & Demand Zones
We have found a strong horizontal support at the $12-14 range and a horizontal supply zone at the $25-30 range. We also have a mirror level where resistance becomes support at $18-21 range.
It is important to wait for a break of the trend to confirm breakout. The perfect buy zone is between $12-13.
Love, peace, Seb.
Comment:
Trade closed: stop reached