STEEM - Upper again than the resistance/support line
Hello all,
Here is the chart of yesterday :
Here is the current chart :
We are now upper than the resistance line which is now a support line. Again, we are staying very close of it so we need to be carefull because to my opinion, the direction is not yet validated and we could have also a sudden drop at any moment. We need to take some distance from that line with a UP or a DOWN. Let's see which direction the market will choose.
I wish you massive profits,
Cryptopassion.io
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.
.gif)
.gif)
Steem was up +4% in the last 24 hours already
I'm not really working with percentage but I check resistance and support levels.
And now by example, we just broke again that same support line :
Hey! I have recently gotten involved with STEEM in the past few days, as I can see from alot of past videos and hype, the platform used to be quite an aspiring innovation.
I see some potential in the blockchain side of things, but id like to know more from your perspective about where you see STEEMIT is going to in the future?
Cheers ✌️
If you want my opinion on a Technical Analysis point of view, we are in a very big consolidation pattern but the last weeks are showing some nice indicators of the possible start of a new UP trend. Now, it is the case of most of the Altcoins. I would say that if BTC starts to increase again, we could see the STEEM goes test his previous tops also around 7$. Previous low and highs are always targets for traders so except if the crypto world stops, I think we will test it again at long term view.
Thanks for the prompt response 👍 I guess it's best to stay positive and hope for the best outcome haha, thanks again for the insight :)
Posted using Partiko Android
You welcome ;)
Congratulations @cryptopassion! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!