Hi guys,
Time to make a hypothetic target. We finished the combination structure (pattern recognition) that i projected in my last post :
For this one Im using more my wave analysis than pattern recognition "skills"
You can see i circled the potential bullish crossover on the daily MACD. This one could lead us to higher high near 0.16-0.18. I agree this target zone is pretty high in regards to our current level but on a mid term/longer time frame it could indeed impulse to there. My BTC indicators looks good as well so definitely the Bitshares price could correlate if BTC price rise become reality.
The bullish crossover could correlate with a test of the 0.124 resistance :
Weekly MACD make us expect a bullish sentiment over time as the MACD could make a bullish crossover as well. Bullish divergence on the histogram too :
But first lets watch the behavior at 0.124
Time to make a hypothetic target. We finished the combination structure (pattern recognition) that i projected in my last post :
For this one Im using more my wave analysis than pattern recognition "skills"
You can see i circled the potential bullish crossover on the daily MACD. This one could lead us to higher high near 0.16-0.18. I agree this target zone is pretty high in regards to our current level but on a mid term/longer time frame it could indeed impulse to there. My BTC indicators looks good as well so definitely the Bitshares price could correlate if BTC price rise become reality.
The bullish crossover could correlate with a test of the 0.124 resistance :
Weekly MACD make us expect a bullish sentiment over time as the MACD could make a bullish crossover as well. Bullish divergence on the histogram too :
But first lets watch the behavior at 0.124
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Comment:
will update soon