One of the more useful coins/platforms out there could be looking for a bottom before a new uptrend.
It is currently trading at a key support level that is in place since October 2017. Will this support level hold? Is it a good time to accumulate?
Here is a Bitshares (BTS) chart:
One can see the support line, and how price is currently just resting on it. There is also a wedge that formed, as indicated on the blue line.
It is probably better to wait for price to breakout out of the wedge, since there could be one more drop to the bottom of the wedge.
If price breaks out at the top-side of the wedge, then we could see and explosive rally over the coming months.
I will continue to track this chart. Stay tuned...
This is not financial advice, do your own due diligence. I am not responsible for your trading decisions.
