STEEM: Rebound on the Upper Resistance Trendline, searching for support...
Yesterday I gave two possibilities, in particular I wrote:
- If STEEM finally breaks that line I'm expecting the Triggering of the BULL Flag**
- If STEEM rebounds down, it will find resistance again on the 61.8 FIBO line or, deeper on "E" on which it normally must rebound up again.
The chart was the following:
Today the first possibility has been cancelled. Despite STEEM has "attacked" the Upper Resistance Trendline persistently , the effort and so the hope of the buyers has not been sufficient to break the resistance strongly.
I have to tell that, unfortunately, seems that STEEM is searching the 61.8% FIBONACCI's Retracement , on which I hope it will have some support to stabilise there and depart again Up.
If this support does not withstand, STEEM will search the Lower Support Trendline on "E" on which, normally should rebound up...
Still both Patterns, Cup and Handle & Bull Flag , would indicate a continuation of the Bull trend for STEEM, currently launching projections of STEEM reaching a minimum between 6USD and 8USD.
Nevertheless, the start of the continuation of the Uptrend is going to take longer, thought...
Steem on!
*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.
We are on a bearest time right now on alts
hhhahahah, bearest? 1month ago was the bearest my friend...be patient
i confirm that steem is now starting the big wave 3
the ABC correction is finished
this is the attitude!