One of the more useful coins/platforms out there could be looking for a bottom before a new uptrend.
It is currently trading at a key support level that is in place since October 2017. Will this support level hold? Is it a good time to accumulate?
Here is a Bitshares (BTS) chart:
One can see the support line, and how price is currently just resting on it. There is also a wedge that formed, as indicated on the blue line.
It is probably better to wait for price to breakout out of the wedge, since there could be one more drop to the bottom of the wedge.
If price breaks out at the top-side of the wedge, then we could see and explosive rally over the coming months.
I will continue to track this chart. Stay tuned...
This is not financial advice, do your own due diligence. I am not responsible for your trading decisions.
ALL HAIL THE NEW HAEJIN!!
Thank you for your continued support of SteemSilverGold
I hope you're right. Don't have many, but a nice upturn would be very welcome.
What's your take on EOS?
Lets see if that support or wedge can hold. The other factor is bitcoin.
Eos in the short-term not looking good. If I had both, I would switch from EOS to Bitshares
I did just that. Great post btw, bts is definitely at the bottom here, imho of course.
Thanks. Good move. BTS always tends to be one of the first coins to turn around at a general market bottom.
Thanks for the info. What is your take on steem?
just did a steem post: https://steemit.com/steem/@hgmsilvergold/steem-just-a-little-bit-more
Thank you. I have just went there.
Nice analysis. Thanks for putting it out there.
The weekly chart shows a nice order block that the current price is working through. It remains to be seen if it will hold. If it doesn't, I see price retracing back to .084 before re-bounding.