Hello all,
Here is the chart of yesterday :
Here is the current chart :
The Market decided that STEEM must also go back in the trading canal created by the 2 green lines. It is not really a good news but what can we do... The STEEM could continue to drop a little bit till the resistance line around 0.77$ but we must have a bounce from that zone and perhaps go test the resistance line at 0.81$. If we break that support line also, it can be very dangerous for the STEEM. Let's see what the market will decide.
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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This is a compression-breakout. Though usually you can never really predict whether it'll be a bearish or bullish breakout. When we see this compress again between 0.81 and 0.82, we might see a bullish breakout. Lord knows we're due for one.
Looking to get into a good position soon! I’ll keep an eye out for that support at $0.77. Thanks for the TA