STEEM - Double Top - Still in direction of the 1$ level

in #steem6 years ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We had a double test to try to break the resistance line in red but we failed for both of them and it created an immediate drop. This double test could be considered as a double top and the M pattern is indeed a bearish pattern. We should now have a little support around the previous low at 1.10$. If the support is break, my objective at 1$ will be touched very soon.

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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Very sad!....:)...

I'm okay with it going down to 1$. But I'm not okay with it to go down further as I don't have more fiat money left to buy more. If it falls like to 0.9 and lower I will be quite sad about it.

Posted using Partiko Android

I have no idea what to think about this bad news lately.

Where's the turn around guys?

All coina r going down
Whats the matter i am unable to understand

It’s jusf a matter of time honestly

I think when the price will go below a US doller, people are gonna buy it hoping that when the price rises he/she may become a whale/dolphin. Its not a matter of concern, the price will go up again.

It's fucking sad

Interesting analysis @cryptopassion.