#STEEM analysis short v3

raserrano (63)in #steem • 5 years ago

Steem started a descending trend channel from Jan 24th and it finished on Feb 1st, after it started moving within a wedge that has been tested and rejected for both support and resistance. The key level and timeframe is 4 days for it to move above or below the 8100 satoshis level, any break moving above the resistance will head towards the 880 weekly low level tat was created on Dec 22nd and it will probably keep moving within the weekly low level and the monthly of 9365 satoshis level. A move below the support level it will test the 6582 satoshis monthly level, for it to create a new movement. I'm hoping the move will close towards the recovery soon and probably make a 10% increase in a few weeks from now.

_{Trading view posted idea and the [image for better preview](https://www.tradingview.com/x/aZ7zOq0p/}