Bitshares/US Dollar (BTS/USD) trade analysis update 27th Aug 2018

in bts •  last year 

Bitshares(BTS) have been consolidating since the 21st of Aug and has broken out of the bearish trend-line at $0.10 as shown below.
A new support and resistance line has been drawn to show possible path till the 30th of Aug. If the price breaks out at $0.12 it indicates a bull confirmation. if it drops below $0.098 i'll consider an exit as it may drop much lower. the chart below show a visual connotation.

Buy range: $0.098 - $0.120
Sell Range: $0.150 - $0.210

Stop loss: $0.098

Good Luck and trade wisely

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You are right sir

Do you have a long term target on BTS?

long term for most alts are based on bitcoin adoption.

Thank you @newsbull

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