That said compared to Bitcoin the last days have been sad for BitShares holders. We are flagging and lagging behind the market recovery here for the time being. Looking at the price action relative to Bitcoin it's interesting to note that the lower edge of the holds and if we count the touchpoints we can see that the next move up usually is the last one before breaking the if we see a continuation to the upside.
are a sign of indecision. The momentum goes lower, the compress, we are going sideways for some time and this basically means that everyone trades the range and we are awaiting a move that is coming up. The important thing to notice is that this move can go both ways and we only know in which direction once the breakout appears.
Odds favor a break to the upside with a immediate target about 6000-8000 satoshis.