Boolberry Technical Analysis

in cryptocurrency •  8 years ago 

Boolberry is one of the unlucky cryptos that got delisted from poloniex a while back, resulting in the big last red candle and further decline after that. Since then the selloff lost steem and we created a soft bottom a little higher than hard support.

Recently we did manage to break channel highs, indicating a potential trend reversal. Also we managed to beautifully establish at the previous highs of the channel which creats a new support bottom. From here I am either looking to add on to my position if it comes back to the higher support or if we break the last high with adequate volume. ( But i probably will even without volume, because the double bottom setup is just too nice ;) )

I personally started accumulating Boolberry at 8k sats and my last order that got filled was at 5.8k sats.

Also it might be worth to look at the zoomed out chart to see price potential, altough take it with a grain of salt, because the reason why the price dropped so long after the few early spikes was high inflation after the launch. So I don't expect a retest of 2014 ATHs at all.

Cheers guys <3

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