bitshares showing early signs of reversal against bitcoin
bitshares is showing bullish divergeance on the 4h timeframe
+ daily descending wedge + end of abc daily correction
4h rsi is showing bull div + ichimoku still no sign of reversal
I expect it to rally against bitcoin this month,
buy zones are highlighted in green.
you can buy a part on the breakout of the wedge, or if it break down, a good buy zone will be on the trendline, near 1000-1300 level
main target is 4500 level, main resistance, but i expect it to go through.
+ daily descending wedge + end of abc daily correction
4h rsi is showing bull div + ichimoku still no sign of reversal
I expect it to rally against bitcoin this month,
buy zones are highlighted in green.
you can buy a part on the breakout of the wedge, or if it break down, a good buy zone will be on the trendline, near 1000-1300 level
main target is 4500 level, main resistance, but i expect it to go through.
Comment:
ICHIMOKU cloud turns green on 4h chart, providing one more signal trading to the upside, the weekly charts is well supported by 100 sma, wait and see
Comment:
buy zone < 2100sat
Comment:
as the chart shows bitshares is trapped in a channel on the 4h chart,
with five test of breakdown and tree test of breaking up, buy volume is starting to grow but without significant flow of volume. indicators are turning bullish while stochastich RSi is crossing going north and rsi showing bull divergence from 2 weeks, ichimoku remain neutral, with an opportunity to go through the cloud.
if we break down the channel we will search for another opportunity to come in lower. it may be 1700 level.
On the break up we are looking at the cross of the 2150 level which will be a good signal with confirmation of bullish momentum at 2300 level. watching closely.
with five test of breakdown and tree test of breaking up, buy volume is starting to grow but without significant flow of volume. indicators are turning bullish while stochastich RSi is crossing going north and rsi showing bull divergence from 2 weeks, ichimoku remain neutral, with an opportunity to go through the cloud.
if we break down the channel we will search for another opportunity to come in lower. it may be 1700 level.
On the break up we are looking at the cross of the 2150 level which will be a good signal with confirmation of bullish momentum at 2300 level. watching closely.
Comment:
Comment:
so we break down, strongly emmotionnal, dump to 1380 on poloniex,
if you look at binance chart there is a dump without volume, i expect this dump to be a fakeout, we will see whats happens in the next hours
if you look at binance chart there is a dump without volume, i expect this dump to be a fakeout, we will see whats happens in the next hours