Steem on track to 1.23 USD on April 5th, will it go lower or rise above afterwards?

in #steem • 7 years ago

It seems like Steem-Traders hold on to this chart fiercely... I know that Bitcoin has fallen as well, but not like this...

I am quite optimistic that the 1.23 USD will be reached in the next few days. But what will happen after that goal has been reached? Technically speaking the resistance line has been confirmed 7 times in the last 3 months, so it could be that only the falling support line will be breached...

So free-fall after April 5th?

This could well be the case... Steem reaching a 1,000,000 accounts and at the same time Steem reaching low after low... I am not so sure, but traders surely will not buy this if the chart keeps looking like this... They would follow the chart through to pennies...
For a trader fundamentals are not interesting... they go with the chart and that is it...

We need SMT's to get to the Top 10!

Hopefully @ned comes out soon with the SMT's... I think the characteristics of this blockchain with all of those balances powered-up will give this an enormous boost... Then Steem could rise in the Rankings considerably. Steem in my eyes should be in the top 10 at least...

#bitcoin #dump #ta
7 years ago in #steem by
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     7 years ago  

    Great and valuable information sir.
    I completely agree with you.
    The steem price gradually goes down. And the SMT is the best work to work accordingly.

    Thanks @mexbit sir for sharing this post.

    Upvoted + resteemed your post.

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     7 years ago  

    Thanks for resteeming!

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       7 years ago (edited) 

      is going down may b.........
      great to share your opinion.
      thank you

      resteem done

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       7 years ago  

      Thanks for resteeming!

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         7 years ago  

        that's terrific wow awesome :D

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           7 years ago  

          STEEM price might seem low in USD, but, not in terms of ETH. I posted some time ago regarding time to buy steem and power up. It started at 241 STEEM / ETH. Over the days there after, I have posted higher exchange rates and started to transfer and Power Up at 265 steem / ETH, and then at 285 steem / ETH. The exchange rate was as high as 300 steem / ETH.
          Now, it is at 242.351 steem / ETH. So, not cheap in terms of ETH if you already own the ETH.

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             7 years ago  

            It should be 4 Steem per ETH. ;)

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               7 years ago  

              its all depend on Bitcoin prices now if it crashes than fiat money will rock in crypto

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