After more than a week of amazing performance, STEEM has reached the level of the 200 DMA at the STEEM/BTC pair.
Typically, crossing that line would indicate a very good signal of reversal trend.
We have to be very attentive right now.
If STEEM manages to break that 200 DMA, it would be very likely that a higher price will be reached...
Taking into account as well all the positiveness I have now (LoL), I would consider as well the following CUP & HANDLE Pattern another good signal which corroborates the previous one :-)
...As a sort of "guideline"... if this pattern is confirmed, it would launch a projection of the STEEM price to the level of the 17000 Satoshis, which would represent another 52% more in the following days...
Hope to enjoy from the good moment... Will see.
*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 by Toofasteddie
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Aww.... looks so promising... will BTC let us?
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Good question...but, this week it happened... why not in the coming ones? ;-)
Bear in mind that is steem/btc pair and not steem/usd.
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@toofasteddie, thank you for the analysis.
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You are welcome
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i ve draw a lot of cup & handle but i still have to see one RL to complete, i really hope this is the first :))
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