BITSHARES: Perhaps one of the altcoins with the best reversal setting-up nowadays

There are many signals that put BITSHARES at the horizon of the next bull run start.

The recent announcement about a chain which will link BITSHARES AND EOS, the so-called BEOS is one of the development that can bring both coins at a higher high (read this post from @stan Larimer talking about: https://steemit.com/bitshares/@stan/sovereign-sky-doc-s-fictional-guide-to-the-brown-eos-beos).

Also the consideration by the "The China Center for Information Industry Development (CCID), classifying BITSHARES as the third most valuable crypto in terms of Technology, Applicability and Innovation" is also a good probe of the promising future awaiting not only for BITSHARES but also STEEM and EOS.

Considering the Trading chart, EOS has "travelled" along a persistent triangular wedge, retracing more than 90% of its ATH since January this year....
Nevertheless, seems to me that this correction is more than complete now, having break out the upper Resistance already a few days ago:

Additionally to that, in short time chart, ie 1h timeframe, a nice Inverted Head and shoulder pattern seems to be on going:

Also, MACD in the 4h-chart indicates a sharpy APEX:

Time will tell, but seems to me that we are not going to see much better time to buy this altcoin than now.

Good times ahead!

@toofasteddie

---

---

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

---

---

Published on

by toofasteddie

---