Long
Bitshares consolidation almost complete
Bitshares looks ready to move another leg higher.
Price has been in a downwards channel since May. Notice how price usually respects the centre line, which is where price is currently resting just above and is consolidating.
Stoch RSI is showing oversold suggesting that a move up could be on its way.
Expect a move to the top of the channel.
Entry : 1700-1600
SL : 1586
Target : 2100
Price has been in a downwards channel since May. Notice how price usually respects the centre line, which is where price is currently resting just above and is consolidating.
Stoch RSI is showing oversold suggesting that a move up could be on its way.
Expect a move to the top of the channel.
Entry : 1700-1600
SL : 1586
Target : 2100
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.