STEEM - Resistance line at 0.39$ not touched

in #steem5 years ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So exactly like the BTC with its resistance line at 5400$, the STEEM has not been able to go touch its resistance line at 0.39$. This is not a good sign because if we don't do it, we are doing lower highs which mean that the DROP is not yet finished. Let's see if we will find the volume and the power to go touch that line and even break it or if the sellers are preparing to be back very soon.

I wish you massive profits,
Cryptopassion.io

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Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you 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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We need more investors or traders for steem right?
Or everybody seems to be a bear right now?

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For sure investors and traders are welcome on STEEM but they need also to see that they can do profit on that crypto and currently this is easier for them with other cryptos... as simple as that

Let us do better, everyday.
I will still promote Steem in my community.

Posted using Partiko iOS

Stinc had to fire almost the whole staff this winter and is re-hiring. At some point, they powered down a lot of Steem. I have my suspicions as to why the price of Steem isn't going up.

yes with that powerdown, we don't have any view anymore on how Steemit is spending their initial stake

Is that so, they have a different vision of steem.

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Thanks for the analysis. Hopefully we will see some more promising moves soon.

Yeah we all hope for a little increase, STEEM is so low since months now and specially when we compare other altcoins

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