Author Topic: BTS TA FOR 12TH SEPT 2020  (Read 1843 times)

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Offline BitsharesLabs

Interesting turn of events indeed. Don't just watch, join the fun!
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Offline chigbolu

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After a roller coaster couple of weeks that saw bitshares rise to as high as 0.06USD, bitshares is currently trading at 0.032USD which is close to a local support line on the weekly. Further drop will see it go to as low as 0.02USD in the worst case scenerio, where it will then consolidate for another uptrend.
Bitshares gained over 114% in its massive run much of which is attributed to the NBS fork, before tumbling down by about 50% in value. Hopefully it will sustain the current price and take a green outlook in the coming weeks and into the end of the year.
Now that the fork is over it will interesting to see how things will go for bitshares, will there be competition with NBS or will one of them fade away, it is all down to what happens in the coming weeks.
Prices to look out for
Uptrend 0.04, 0.045 and 0.053USD
Downtrend 0.028, 0.025 and 0.02USD.