Hello great Steemians, I trust you all are doing well. Today I will be discussing the future price prediction on Steem in 2022.
Since the beginning of 2021, I discovered that the price of Steem has been within a particular range of #200 and #400. Traders always sells when the price approach #400 and this has made the market to reverse and the trend becomes a bearish trend.
**Bullish Trend:
A bullish trend is an up trend. This means that the market is buying and this is easily identified by higher highs and higher lows.
As a trader, you are not advice to enter the market without proper analysis of the market. This can be achieved through technical indicators.
Criteria for Up Trend
√ Double bottom
√ the second bottom must not be lower than the first bottom.
Bearish Trend
A bearish trend is a down trend. This is when power is handed over to the bears. It is easily identified with a red candlesticks.
Criteria for Down trend
√ Double top
√ The second top must not be higher the the first top.
Steem Price is likely to hit #1000 in 2020. This is due to the efforts of Steemians to push the price upward.
Club5050
Club5050 has really come to encourage the price of Steem. Through this, there is no how one can half off his account and this rule has come to stay in every community of steemit ecosystem.
Power Up
Powering Steem up is equally a means of encouraging the price of Steem to reach the peek of #1000/Steem in 2022.
This will be achieved when all Steemians power up more Steem than what is been spent out.
I encourage all to keep on powering up and holding for the future and you will see how Steem market will grow in 2022.
Thanks for your time.