STEEMBTC 4HR ANALYSIS (POLONIEX)
Steem has broken out of the previous corrective structure to the downside as expected and is currently forming a new corrective structure which can be expected to go sideways before breaking down towards the previous lows around 0.00068242.
As stated in the earlier analysis any recovery is highly unlikely at this point and we should see the previous lows tested in the coming sessions.
Key Levels:
Support: 0.00068242
Resistance: 0.00081919
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment or trading advice. The author does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be held liable for any loss incurred.
About me: I specialize in trading market breakouts, if you like my analysis and want to see analysis in other areas like forex, commodities and indices you can find me in tradingview.com here or contact me through my website www.thepiphunter.com
Is all lost?
no why would that be... it will never hit 0 as long as even handful of people have belief in the system
Then it's all safe!
yes, let it find the bottom.
Wrote yesterday on Steem. We are coming closer to my invalidation level.
Very interesting I noticed big time something wasn't right lets hope it can somehow pick up again. Thanks piphunter re-vote.