STEEM CUP AND HANDLE PATTERN | CAN PURPLE CHANNEL ARD 3 HOLD

in #steem6 years ago

Almost a straight 9 consecutive bearish candles except the 1 doji. Support level around 3.27 didn't hold and drop below trigger stops and it's strength south weaken abit around the purple channel top. Can this channel top become the support level around 3 and bounce off ? Maybe a cup and handle pattern in making.
Screen Shot 2018-05-11 at 9.12.08 am.png

Short term moving average : downtrend
RSI : -
SBD/STEEM : 0.819 , sbd still dipping against steem extended period
Weekly Timeframe :
Screen Shot 2018-05-11 at 9.12.49 am.png

Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.

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