Bitshares (BTS) Needs to Breach the Upper White Line of Resistance
Since last update, price has developed and traveled to the edge of the upper white line of the triangle as shown below. A decisive breakout is needed and I believe it'll occur as it's only a matter of time. The resulting impulse waves have been slightly updated given the passage of time. The wave 5 target is at around $0.40 or so.
A closeup of the chart shows that waves 1 and 2 are complete. IF wave 3 is n progress, then the blue waves show the projected price pathway in an impulse. Blue wave 3 would be well positioned to breach the resistance line.
If the breach does not materialize, the the alternate abcde needs to be watched. I would actually welcome this scenario as bullish buy rungs will be awaiting at those levels!
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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