STEEM - Support line at 1.50$ - Bounce ?
Hello all,
Here is the chart of yesterday :
Here is the current chart :
So after the break of the 2$ support line yesterday, it looks like that the levels of 1.50$ have been stronger and that it paused the drop.
We are now starting a little bounce but we will quickly meet some resistance lines. We will have first the 2$ resistance line but also a downtrend line that we could test at the 2$ level also.
Let's see what will be the result of this test. As the BTC, if we are able to break these 2 lines, it could be the start of a change of trend and the beginning of a great bounce. Let's see my friends.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, 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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Massive decline in Steem and SBD, it might be attributable to the increase in new accounts. More Supply, Les Demand.... I think Steemit is a wonderful platform for everyone to join to build a community around Blogging. Talented individuals can showcase their work on this great platform....
One really has to understand the nitty gritty of cryptocurrency, if not, one will be confused and do the wrong things
I project, not predict, that Steem will go follow what you drew to go up to the next major Resistance.....We called it BASE in our Quick Fingers Trading group.....
So, usually 90% of the time goes back to BASE as long as there was a PANIC selling . But, Steem I would say in this chart 70% probability. Be a good time to buy now and ride the price back to the BASE, imo.......... comment?
In this series you have to be MEGA patient !!! People expect further coverage in a short time and here is a big problem for inexperienced people
Interesting how they all follow bitcoin
Great accumulation phase
Confidence in cryptos is taking its toll now. 2018 is going to be a rocky ride :)
Totally agree, $2.00 was my line in the sand which becomes resistance now. When price broke $2.00, I was looking for price to get to $1.00...it got to $1.30. In order for Steem to start any meaningful uptrend, I need price to break the daily trend line. However, the first signs of a reversal will be candles closing and making high lows. If price can clear $3.50 (green horizontal line) that will validate a new uptrend for me.
Me atemoriza la gran baja que han tenido las criptomonedas y esa caída no parece detenerse. En cuánto tiempo veremos un alza, aunque sea mínima? Pareciera que el mercado entró en un periodo de disminución y receso. Se habló que para finales de este mes podríamos observar cambios positivos, pero no es muy alentador el panorama.
@cryptopassion Im with stunner. Im learning a great deal from your work. Thank you thank you thank you..
Whatever the support level or resistance line. I believe Steemit will bounce back soon to the moon ;)