. 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 .
. There is a possibility of...
As a neophyte in the technical analysis game, I'd like to share my thoughts on BTS/USD. I do have a stake in Bitshares however, this is as unbiased as I could possibly make it. Not adverse to bad news in fact, waiting for it to dip lower from it's current position so i can DCA my position even further. Let me know what you think, what can be improved, etc. Thanks.
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.
Signal to enter the market occurs when the...