STEEM - The bounce has difficulties to take place

in #steem5 years ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Even with the BTC bounce on the 10k$ support line, the Steem has difficulties to start its own bounce. We are staying lower than the resistance line at 0.18$ and it looks like we are missing the volume to break it. Again it is a complicated situation because if the W pattern is not confirmed in the coming hours on the BTC and that the correction comes back, we are already on the lower levels on the STEEM and so we could create a new low again... let's see

I wish you massive profits,
Cryptopassion.io

Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you 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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for sure the prices are cheap but for profit, it must also increase at one moment and no one can be sure about that. A permanent drop of the value of a project could mean also the end of this project.

Steem really needs to up it's game, we've been down for a very long time.

indeed, it is becoming hard but I still see so many people postive here, me tbh I'm neutral