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RE: BitShares TA Update

in #investing7 years ago

I think that before we reclaim the 8-day EMA and the 50-day EMA , we should wait ( if we consider it a trade) This is a obvious long-term HODL!

However I would really like to see some strenght on volume, before I buy. We see the false breakout on volume on the 1H chart, but after that when the volume dries up, there is no one to defend the breakout. Also this breakout coincides with BTC's breakout, so it might be just FOMO buying.

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Well, we're holding pretty well, and well above both the 8 and 50 EMAs with a possible bullish 8-50 cross on deck today, and with price consolidating in the upper half of the Bollinger Bands. As you say, volume is a little lackluster though.