BitShares has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, BitShares began a wave one advance on February 28. The wave one (sub-waves i-v) finished on June 10, and the wave two (sub-waves a-b-c) correction ended on July 16. If this wave count is correct, BitShares should be heading next towards the June 10 peak in the wave three.
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "BitShares will takeout the June 10 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "BitShares will drop below the February 28 low".
If you think BitShares is in a range, upvote this post and upvote the comment "BitShares will stay in a trading range between the February 28 low and the June 10 peak until August 26".
You can upvote the comment until 3 PM EST July 27 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.