. 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...
Given the similarity of both market cycles, I was wondering what a possible bullish set-up for Bitshares would be. The previous market cycle reached its all-time-high at 2.272 fib level. When we would apply the same calculations on the current market cycle, it would drive up the price to approximately $2.20!
Just like the previous market cycle, the black...
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 price...