Bitshares looks ready to break the correction phase of wave #2. We have completed A-B-C-D of the correction phase (also coiling pattern, or triangle). There is still the (E) touchpoint that has yet to complete, but also, may not. We could simple break out of our triangle here at (D) and continue upwards.
Either way, this is a long range projection target. Wave #3 would take us to about $3.00.
Correction wave #4 would bring us back down to about $2.20.
Final impulse wave #5 would then take us back up to about $3.50.
All of this should occur before year end.
Also, it is worth noting, should we have a major hack on a centralized exchange (more likely than not), decentralized exchanges like Bitshares will become extremely popular, increasing the probability that these targets will be hit and exceeded.
Happy trading my crypto friends.
the team of the bitshares is huge and they work hard and make the future for this coin i hope it will reach to your target
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Hope this is correct because I’ll be raining in the money 🌧
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