„The outcome of that on this coin is the same as on the Lisk – we should see a further decline. In case of the BitShares, the potential target is on the 0.11 (black), which marks the yearly lows. Chances that we will get there are relatively high. „
For the bearish breakout we had to wait a bit but it did happen yesterday. Rectangle was not the only formation that was present on the chart. In addition to that, we also had a head and shoulders formation (smaller grey rectangle), which was also very pessimistic. Breakout of the lower line of the rectangle was in the same time the breakout of the neckline (pink), so in theory, the sell signal is very strong.