Hello all,
Here is the chart of yesterday :
Here is the current chart :
As I was explaining you yesterday, we were following closely the MMA20 and we reached the resistance line at 2.85$. However, the bull volume was not enough this time to break that resistance line and the drop came back.
We have now to look at the previous low, we broke it during some hours (brown line) but we are now up again. It is possible that we use that line as support to continue the UP. However, if that little support doesn't hold, I'm afraid that the correction will continue in direction of the MMA50 (violet line). Let's see what will happen in the coming hours.
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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The resistance line is very interesting based upon MMA20. What about a 50 or 200 moving day average? Why did you select those? Can you explain the recent surge about $3? Was that based upon fibonacci?
May be we will break the resistance in the next few days, things look stable at the moment, preparing a base for another bull run to start.
Hopefully it can hold the $2.50 base.
Thanx for your update. Keep posting.
Interesting update on that. I love the part "never invest more than you can afford to lose" Thats the best business advice and it goes far beyound crpto. The main reason for doing business is to make profit or suffer loss. So any money invested in any business is a potential 50% loss. So if you we reason along that line, we are able to make the best business decisions for better healh and wealth.
We will see big jump very soon. The whole crypto is about to bomb, take it easy.
The right time is very close to come.
agree, in my opinion it's just a healthy pull back after an rising +50% over the last several days. Also agree, the low of $2.25 on 4/13 has to hold, otherwise we may go lower.
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Meanwhile over on the BTC charts STEEM has found support at 32k 3 times. It fought really hard for about 12 hours this last time but it stood firm and started to rise back up for like 4-5 hours now. Not saying we're out of the woods yet but it's certainly a good sign.
Next step is to see if it can blow through the 34k resistance. which it was failed to do several times as well.
that was a hard trendline to break, atleast we are finally above it!
Oh Brother, informative post. I like your posts very much You continue this kind of post. I'm always with you.
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