STEEM DID BREAKOUT AT $0.3911 / ARE THE BEARS DOING THE JOB ?

Hello world, hola Steemians.

How you can see on this 4 hours chart from yesterday 31st of May

Steem broke the blue trendline. The price was trying since 11th of May for 5 times. But now did it.

STEEM USD 4H 7-60 MA 31 MAY.png

Also check the chart of today (below).

After the breakout the price tested twice the trendline, also leaving behind a prominent bearish candle shadow.
We were traveling though this FLAG pattern following the price bouncing inside the flag range for 19 days and 117 candels of the 4 hours chart.
Now is and insteresting momentum to check is STEEM will take the strengh necessary doing a pullback to attack again the $0.3911 critical level.
Or doing that will lose the battle and the bears supported by the indication of the FLAG continuation pattern will punish the bulls projecting STEEM to the $0.3680 level

STEEM USD 4H 7-60 MA 01 june.png

Patience is the mother of all skills - Steem is our choice , keep supporting!

"Sharing technical analysis principles and keep interacting with you about Steem and Bitcoin markets behavior are the purposes of this blog.
This is not a financial advice, is just my personal opinion."

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Thanks guys!! I appreciate it

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