Burst (BURSTUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Burst began a wave one advance in November 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 6 this year, and the red wave two (blue sub-waves a-b-c) correction ended on April 1. If this wave count is correct, Burst should be heading next towards the January 6 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Burst is a Proof-of-Capacity coin. Linus Tech Tips tells you how profitable it is to mine Burst.
(Sources: https://www.burst-coin.org/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Burst will takeout the January 6 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Burst will drop below the April 1 low".
If you think Burst is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Burst will stay in a trading range between the April 1 low and the January 6 peak until July 11".
You can upvote the comment until 3 PM EST June 8 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
I will be sending one Trophy Token (@trophy-token) to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.
Burst will stay in a trading range between the April 1 low and the January 6 peak until July 11 (48 voters as of 3 PM EST June 8: gregory-f, soundmoney, glennolua, simonjay, skepticology, komischername, allyouneedtoknow, misalen, mgood, rothberg, jznsamuel, scootbuttons, costanza, revelationquotes, starline, cryptotem, flemingfarm, kunschj, koskl, lucasgabd, themovieplace, toofasteddie, steem-d-anlovnit, diogosantos, mirda, nicolaepavelean, richard78624, karadere, galasek, photoquote, coolthings, harryp3, techlife, biomanu, pario, ragnaros, mike11, amity123, mihail.tsvetkov, nordina, andy23, askeb, chotho, mitrado, sljivanono, easymoney202, neo-wiza, cmoljoe).
Burst will drop below the April 1 low (12 voters as of 3 PM EST June 8: sqlinsix, vicspics, steemit.nemesis, reconnectnature, barbadosso, jlordc, rigor, erikaflynn, portillo, fullcoverbetting, punjolife, nzl19500).
You won.
Burst will takeout the January 6 peak (11 voters as of 3 PM EST June 8: lydon.sipe, bxlphabet, fitinfun, crokkon, carlosdaniel, faroel, sporttr, marverick984, stalexmkl, cosminblaga, criptorafa) (11 voters as of 3 PM EST June 8: lydon.sipe, bxlphabet, fitinfun, crokkon, carlosdaniel, faroel, sporttr, marverick984, stalexmkl, cosminblaga, criptorafa).
Burst is cool coin,but probably the most useless of all.Im surprised that bots keeping it at 350 satoshi..
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!