Technical analysis: . BITSHARES/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 27. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
BITSHARES/DOLLAR New trading suggestion: *The price is in a range bound, but we forecast the uptrend would begin. *There is still possibility of temporary retracement to suggested support line (0.2005) , if so, traders can set orders based on Price Action and expect to reach short-term targets. Entry signal: Signal to enter the market occurs when the...
looks like bitshares has bottomed out on this cycle, trade with caution however, as if bitcoin dumps to a lower level, it may drag the rest of the market with it. on this cycle it is reasonable to expect bitshares to test its old high at 1 dollar and possibly top out at 3 dollars.