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.
Burgerusdt
Swappin’ Burgers on Binance Smart Chain ;( BURGERUSDT analysis)The first democratized DeFi platform on Binance Smart Chain
❇️ COINMARKETCAP's DATA :
Rank #285 kind: Token- On 16,435 watchlists - Market Cap :$204,599,935
Fully Diluted Market Cap: $355,784,055
Volume24h: $ 73,188,411
Volume / Market Cap : 0.4222
Circulating Supply :12,076,422.66 BURGER
Max Supply:21,000,000
otal Supply: 12,451,423
What Is 🌟Burger Swap (BURGER)🌟?
Launched in September 2020, Burger Swap is one of the first democratized, decentralized automated market makers (AMMs) on the Binance Smart Chain (BSC). It was built without the control of any centralized authorities through the use of smart contracts.
Burger Swap is based on the DEMAX decentralized Binance platform; it enables a swapping mechanism with democratic procedures that allows the community to change system parameters through transparent voting.
BURGER token staking allows any user to create proposals and influence the adjustment of transaction fees, block rewards and other system parameters of the Burger Swap exchange via voting.
The Burger Swap decentralized governance system was designed to prevent control by any centralized entity. Users are rewarded with BURGER tokens for creating liquidity, staking and voting within the governance system.
❇️Who Are the Founders of Burger Swap?
Burger Swap is an implementation of ERC-2917 founded by Tony Carson and Drs. Mehmet Sabir and Suleyman Kardas. Its main aim is to improve on Uniswap through altering the incentive and governance models.
coinmarketcap -burgerswap.org
------------------------------------------------------------------------------------------------------------------
✅TECHNICAL ANALYSIS
As you can see in the daily time frame chart for burger/USDT, the price is trading around 17$ .
We haven't enough data on chart to analyze pair of burger/usdt completely , but there is a correlation between burger and other food token such as cake ,bake and sushi which I have already analyzed ,so it means if their price grow subsequently ,it'll happen as a same growth for burger probably .so by considering a wise stopl-loss you can enter in a long position .
--------------------------------------------------------------------------------------------------------------------
(Anyway, my constant suggestion to my dear community is to buy step by step ( in a few steps) , With considering risk management , Because this crazy market is very volatile than you have never seen in other markets .)
also Following security measures is vital in cryptocurrency trading. Always remember that $100 worth of a token may become a fortune someday. So treat every penny with respect.
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades
👍 PLZ support me and hit that damn like button and comment
$BURGERTrend break occurred. He retests the broken resistance. It is now ready for the rise. Of course, you need to be careful. It is not investment advice.
Trend kırıldı. Kırılan direnci yeniden test ediyor(retest). Artık yükselişe hazır. Elbette dikkatli olmalısınız. Yatırım tavsiyesi değildir.
-------------------------------------------------
Keep tracking for more analysis.
Daha Fazla Analiz İçin Takipte Kalın
Twitter: @burjuvayigit
Burger setting up for a Huge move !Burger has been one of my favorites personally.Clearly it has had over a 200% surge in the past few days now how ever the price started dropping back down to the 0.618 fib retracement level which is a significant support area also the fact that its getting supported by the trendline is bullish if the daily candle closes below the trendline then it most likely is going to see some more consolidation or even a small down trend perhaps.However the targets for burger astronomical Hopefully it will touch those soon !
No financial advice Dyor
Cheers !
Burger FakeoutBurger made a fakeout at the triangle and continues continues with the descending trend. In hindsight, burger should breakout at the $18.08 support region and if it's not strong enough, we could see a downside at the next support region at $13.78. From there, burger will continue an uptrend to break the previous Ath.