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RE: STEEM Price Analysis – July 13, 2017

in #steem7 years ago

I'm a bit of a newbie in trading, but could we simple say that when Steem stays between the down trend line and the horizontal with the option to the uptrend line and this goes all the way to the crossing points of these lines, we really dont know what Steem will do? either breakout or drop below?

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Well, we never know what it will do. We can only identify what it has done and what prices could do in the future based on previous trends, support and resistance lines/targets, and many other factors.

Good answer :)