STEEM Showing Early Signs of a Potential Trend Reversal
SUMMARY
STEEM put in a complex retracement that went close enough to the prior wave 2. Given the extended 5th, this was not surprising as had been stated in prior posts. What's interesting is the the WXYXZ appears to be complete because all subwaves have been accounted for. Very interesting.
A closer examination of the the current bounce is shown below with a potential for an inverted Head & Shoulders. The Left Shoulder (LS) is complete as well as the Head (H) and the Right Shoulder (RS) is curerntly in progress as shown by the white arrow line. IF this is correct, minimum price move could be towards $2.57 or so.
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That's pretty morbid
Steem will probably get up to $3 by early/mid April. The way the market's moving and the support altcoins have gotten in the recent months, I'll be dammed if it didn't.
I think we see the bitcoin under 5.000$ in the next days
Good TA. While I count this differently in my morning update, I came up with the same conclusion. We're seeing signs of a trend reversal for Steem. https://steemit.com/cryptocurrency/@workin2005/steem-analysis-reaching-the-apex
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good post, The latest information is essential in order to build steemit and as the passion for classic hunts bitcion
buy now
Agree, we did form a hammer 2 days ago, but $2.00 (yellow line) is now a resistance level. Confirmation of the reversal will be when we close above the daily trend line in conjunction with taking out the sell orders at $3.00 (green line & circle).
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Sweet. Let us hope it does shoot up.
Just wait - it sure does shoot up. As it did last year.