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BSW / TetherUS

Analysis: BiSwap(BSW) Breaking Out; Keep an Eye

By Trader_ph
Updated
BSW has been consolidating for a while, but now it has done a breakout of the triangle pattern and the 0.236 Fib in the chart, with strong increasing volume. The RSI also did an early breakout. For a successful breakout, we might need to wait for the 1.30$ resistance to be broken(colored in aqua). I'll update this analysis as time passes.
Comment
BSW completely erased all movement from the breakout candle. This might have happened due to BTC movements
biswapbswbswusdBSWUSDTChart PatternscryptoCryptocurrencyTechnical Indicatorstrader_phTrend Analysis

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