STEEM - Double TOP

[cryptopassion]

Hello all,

Here is the chart of yesterday :

Here is the current chart :

As you can see, the STEEM would like to do nice UP but this is the second time we are not able to stay upper than 4.20$

These fails created a double top and if we are not able to break this level soon, we should go back quickly on the support line around 3.65$. Let's see if we will have the needed volume to do that but at the time of this article, the Bitcoin is dropping so it is not helping for sure to break that double top.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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Comments

[bitcointravel]

i`m bulish

[badmusgreene]

As always Bitcoin's price influences the outcomes of every other cryptos.looking forward to the time it doesn't affect steem.

[moondarker]

Great post like usual!

[joyart]

Great information..... Thanks for keeping us updated

[icolending]

thanks for information

[machhour]

Awesome chart analyst , i hope steem will reach 10$ very soon:)

[daniyal1]

well researched thanks for sharing..

[mrrpiusz]

We are all hoping for consistency in the current pump in steem price. But with the fall in BTC price currently, I guess its obvious that steem will follow suit soon.

[yris]

Interesante e informativo Tu Post con respecto al steem.

[agcrypto]

I personally have nothing but the upmost respect for those that can read these charts and attempt to forecast the future movement of the currency. I just believe cryptocurrency currency is a whole different animal that is more unpredictable than any other investment asset we have ever seen, and as such can not be predicted via the same methods we would use in the stock market where the ups and downs are more tied to the performance and profits and future profits of the company and not simply its popularity or reputation. I can be wrong but it just seems the guys that do this for a living on CNBC continue to call their charts only to get egg on the face. Again I mean no disrespect or belittlment, I just think there are way too many factors when in comes to steem or any other cryptocurrency that can instantly and unpredictability move it one way or the other and sometimes doing so with absolutley no explainable reason at all.

[tudors]

2 hours later steem is at $4.60

[tudors]

2 hours later steem is at $4.60

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[rakeshsjaky]

Good , As you can see, the STEEM would like to do nice UP but this is the second time we are not able to stay upper than 4.20$