STEEM: Doesn't look so bad lately...

in #steem5 years ago

Watching the whole cryptomarket the last few days I have to say that STEEM is not doing so bad lately.
BITCOIN last drop has dragged all the altcoins but a few exceptions as TRON, which is losing -0.27% in the last 7 days and STEEM which is losing -3.7% and also some other minors sustaining and even having some green numbers as well (Maker, 0x...)

The 4h-STEEM/BTC chart is looking good and, If we were not in a Long Term Bearish Market I would say that is presenting a good moment for buying STEEM since seems that an inverted HEAD and SHOULDER Pattern is almost finished:

Also looking the STEEM/USD 4h-chart it seems the same:

I am curious to see if finally this pattern triggers a small bull-run... The projected target is 16500 Satoshis...

Enjoy!

@toofasteddie



*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.



Published on

mentormarket.io
by toofasteddie


https://mentormarket.io/legal/termsandconditions

Sort:  

Hmm... a bit of light at the end of the tunnel.... but maybe we are still in it....

Indeed, but light is what we need 😉

Posted using Partiko iOS

Head and shoulder on the USD chart seems very difficult. Bitcoin is fighting hard not to fall below 6k.

You are right. Steem/BTC has a better chance

Posted using Partiko iOS

@toofasteddie, nice analysis! I completely agree with you if BTC is not in a downtrend Steem may skyrocket! :) I was thinking about it today while looking at the Steem/USD chart.

Posted using Partiko Android

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 71539.00
ETH 3603.23
USDT 1.00
SBD 4.75