BitShares / BitcoinUpdated BTS potential short term breakout
BTS is currently accumulating along it's bottom in a wedge formation between support and resistance.
Once Stoch RSI hits oversold and crosses back up we could see a breakout hitting the black target lines which fall in line with previous resistance and support lines.
Once Stoch RSI hits oversold and crosses back up we could see a breakout hitting the black target lines which fall in line with previous resistance and support lines.
Note
Bollinger bands are also narrow across the 4hr and 1hr charts. A pickup in volume could certainly trigger a breakout.Recent twitter post of a new website could be that catalyst.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.