BINANCE:BTSUSD
Bitshares has been moving up strongly over the past 4 weeks, from $0.10 USD to $0.22 USD, but still far away from the all-time high level $1.03 USD. A level which I expect we will surpass this year, perhaps this semester.
We had a MACD positive divergence signal for a few months, which means MACD moving up while price was moving down, which was an early indication that price was about to change. And now we are in full MACD buy signal as the MACD indicator has surpass the cero level. We also have gone above the 20 and 50 day moving average, but we are still struggling with the 200-day moving average resistance, for now.
Looking at the chart it seems pretty obvious that we have bottom on this one, and from here to $1.00 USD there is about a 400% return to be made. I’ll give it a few months for that target to be achieved.
Good Luck in your Decisions
Bitshares has been moving up strongly over the past 4 weeks, from $0.10 USD to $0.22 USD, but still far away from the all-time high level $1.03 USD. A level which I expect we will surpass this year, perhaps this semester.
We had a MACD positive divergence signal for a few months, which means MACD moving up while price was moving down, which was an early indication that price was about to change. And now we are in full MACD buy signal as the MACD indicator has surpass the cero level. We also have gone above the 20 and 50 day moving average, but we are still struggling with the 200-day moving average resistance, for now.
Looking at the chart it seems pretty obvious that we have bottom on this one, and from here to $1.00 USD there is about a 400% return to be made. I’ll give it a few months for that target to be achieved.
Good Luck in your Decisions