Well there are so many reason that make me believe that steem will go up in the next few days.. firstly look at this chart below
"History repeat it self" the price is just testing the previous structure of support before it continue to going up.. last month we had the same situation where the price went up to 0.00077000 satoshi and than came back down to test the previous structure of suport around 0.00033000 satoshi.. this month the we went up to 0.00100000 satoshi and i'm expecting the price to re-test the new high that we just created this year, i wasn't surprise to see steem falling
Steem monthly timeframe
Montly timeframe give me more confident about steem because when you look at it you can easily see that we are at the begging of the uptrend.. steem still has a long way to go to reach it all time high around 0.00710000
Another thing that might push the price up. is the number of people who are buying steem to power up.. you shared a very good stats in one of your post about steem moving from exchanges to steemit
Please note that this are just my prediction based on my trading strategy and experience in trading it might not happen but i'm looking forward to see what will happen in the next few days
Well there are so many reason that make me believe that steem will go up in the next few days.. firstly look at this chart below
"History repeat it self" the price is just testing the previous structure of support before it continue to going up.. last month we had the same situation where the price went up to 0.00077000 satoshi and than came back down to test the previous structure of suport around 0.00033000 satoshi.. this month the we went up to 0.00100000 satoshi and i'm expecting the price to re-test the new high that we just created this year, i wasn't surprise to see steem falling
Steem monthly timeframe
Montly timeframe give me more confident about steem because when you look at it you can easily see that we are at the begging of the uptrend.. steem still has a long way to go to reach it all time high around 0.00710000
Another thing that might push the price up. is the number of people who are buying steem to power up.. you shared a very good stats in one of your post about steem moving from exchanges to steemit
Please note that this are just my prediction based on my trading strategy and experience in trading it might not happen but i'm looking forward to see what will happen in the next few days
Nice Analysis, upvoted!