Buyers are responsible but not convincing as the action. The price have been consolidating the last few days / weeks.
Now, to get a clear picture, let's consider the 4HR chart, and here you can see how the prices behave.
We are still in a break-out pattern and as long as the bulls maintain prices above the support trunk line, buyers are responsible despite the sinus prism pattern that forms along the support line.
The price will might continue fall to the key support before buyers will take action.
Disclaimer: Trading has a high risk level and may not be suitable for all investors. Before you decide to invest, carefully consider your investment goals and risk willingness. The possibility is that you can sustain a loss of some or all of your initial investment and therefore you should not invest money that you can not afford to lose. You should be aware of all risks associated with currency trading and seek advice from an independent financial adviser if in doubt. I'm not a financial advisor and there is also no content in this article that is presented as financial advisory.
As people start to educate themselves a little about the market and the manipulation that can be put on coin prices they will become more savvy at making buy decisions. When looking at the charts and bids you can see clear walls and often huge numbers of coin being offered up at that price level. It is a clear ploy to pull the general market population into a buying frenzy and when that happens the general population will usually lose.
I think a correction is healthy. It would be nice to bounce off of the support level with force, so that we can break that key resistance level with some nice volume. A correction was waiting, so I don't mind this at the moment. I just don't want to see the prices break on the support levels right now. The market still might be too unstable to healthily recover from that at the moment.
Agree
It's a good thing for us
Yes, you're right I also think so, but still I can not exactly say about the course Therefore I will not do the analysis yet
nice follow you blog and vote thanks.
yes u are right this is true prices will go down:)
Thanks for sharing this information :)
very interesting this graphic ,,, but your recommendation which would be ,,, because many of us are interested in your good opinion?
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Thanks for the information you are giving us. God bless you.
informative news, thanks for share.
Very interesting end good opinion...
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@tradewonk, This post is not indicative of a level of effort meriting the rewards allocated. I noticed you relied heavily on bots. This activity is not good for the future of Steem. How about having confidence in your work and rely on organic voting?
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