Hello all,
Yesterday, I was showing that prediction :
Here is the current chart :
As you can see, we are exactly on the support line and we are hesitating to take a direction.
As I explained you yesterday, we have the 2 following scenarios :
- If we are able to break it, we will use it to start again a UP.
- If that resistance line is enough strong to block us, it will give new lows to Steem at short term.
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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Nice recovery of short term S/R. Volume pattern is healthy too. Let's see if we can hold it and pop.
It will definitely go up and here #7 is explained in detail why. I hope it is helpful info! Discover the new way of TA!
Maybe I have some good statistic views for you in my blog: https://steemit.com/steem/@sevenseals/steem-statistic-charts-week-02
It has broken now and the steem is trading above 6$ now, please do a short term analysis for it as well for SBD.
Hell yes. Gotta love support for STEEM. Cheers fellow Steemians!
This next run-up will be fun!
I'm on! Discover the new way of TA here #7 is explained in detail why. I hope it is helpful info!
Just sold my EXP and got some more STEEM. Moving 25% of my portfolio into STEEM.. STEEM is a bad ass currency, properly in the top 5 in 6 months..
Ballsey, hell yea. Im powering up with all my steem i make daily, instead of buying some other crypto I'm watching.
Even if we can’t break the line Steem has a TON of long term potential. We’ve got multiple working products, a solid blockchain with fast transaction times, and potential to become a full on blockchain based tech company. I say $100 Steem by 2019!
EDIT/NOTE: In crypto I consider a year long term
That's what they said about BTC. And look at it now.
But BTC have no Other useful use as store of value and slow lousy one! Check #7 !
BTC was an initial mover, so it has a HUGE advantage. Plus at this point a lot of payment system have been built out for it.
This is true but there is a lack ow new features. I hope that this lightening thing will improve Bitcoin well.
It is for sure most usable blockchain at the moment! And when Smart coins will be started another usage will be added. Discover the new way of TA here #7 is explained in detail why. I hope it is helpful info!
Indeed, Steem is back on top as per the prediction of @cryptopassion and I must say it will continue to sky-rocket in value.
Good news! Well, hopefully. Thank you for posting your TA charts - not something I'm good at or planning to learn, but fascinating to see how the pros do it.
Intereting graph i would like to read about steemit. @cryptopassion
Discover the new way of TA here #7 is explained in detail why. I hope it is helpful info!
Good news! Well, hopefully. Thank you for posting your TA charts - not something I'm good at or planning to learn, but fascinating to see how the pros do it.
~ Kevin
I hope its (steem price) will be grow soon..
It will! Discover the new way of TA here #7 is explained in detail why. I hope it is helpful info!
Thanks for this
The price is coming up
Interesting graph! I’m new around here, but do you have one for years past? Are there any interesting trends you’ve seen in that time? It looks like in the past few weeks the price piqued during christmas time. Do you have any ideas why? Could it be time off plus the new crypto buzz brought some extra attention to Steemit that has died off a little since?
I’m going to follow to see if you have more cool info like this.
As to me it will go a little down and will shoot up to 9..
So it could go up, or it could go down?
It will go up! Discover the new way of TA here #7 is explained in detail why. I hope it is helpful info!
great post
Technical analysis should be taken with a grain of salt given our current market conditions. The uncertainty surrounding South Korea's regulations for investors and exchanges is likely what caused the price to tumble below the support line and will likely determine the movement of STEEM and SBD in the short-term. However, I'm still happy to see some recovery, and I believe that the Steem platform will continue to have positive momentum in the future due to it being a pioneer of integrating cryptocurrencies with social media as well as its rapidly increasing adoption rate.
yeahh new lows!!, you mean like 0,001$? LOL... Well i guess is an opportunity to buy cheaper...
Two scenarios? Up or down? Genious.
you just did the math , its wonderful
According to the 4 hour chart, it's in a very nice channel waiting for a breakout either way. Right now its nice to just sit on the sidelines and see whether it'll break the supply zone or the demand zone. Did a full analysis here:
https://steemit.com/steemiteducation/@r3negadetrader/steem-trading-analysis-1-12-18-stagnant-price-stuck-in-a-channel-bullish-or-bearish
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