Author Topic: [FYI] BitShares Technical Analysis for 09/06/2015  (Read 319 times)

0 Members and 1 Guest are viewing this topic.

Offline testz

[FYI] BitShares Technical Analysis for 09/06/2015
« on: September 08, 2015, 04:34:36 pm »

The BitShares cryptocurrency has been in a protracted downtrend since mid-June when it was trading in the vicinity of 0.000034! However, over the past few days some very important technical levels were broken and I think some of these should be noted. The 0.00002 level played an important role during July and August when it acted as resistance on two occasions; once on the 23rd of July; once on the 15th of August. When price broke through and then retraced back down to this area today: 0.00002 turned into a support level and price bounced back up to the previous close at 0.00002289. So, 0.00002 can now be considered an important pivot level as it has acted as both – support and resistance.