STEEM: will be able to break the Upper Resistance Trendline?

in #steem6 years ago

As I posted yesterday, STEEM has made a good job today, rising constantly till the point "D" located on the Upper Resistance Trendline.

Below you have yesterday's chart:

What we have now is the expected resistance of the trendline:

So, STEEM is "fighting" against that resistance and IMO has a lot of chances to break it.

  • 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.

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.

Hope we have a positive break in the coming hours.

Steem on!

@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.

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