I love seeing STEEM on the top of the gainers list on coinmarketcap during a day where most projects are in the red. We are up 6.3% on the day at the time of writing this. We are sitting right above a key resistance level of $0.31 USD. It will be very important to stay above these levels and have it become a new support level for us.
Going through Steem’s tradingview post’s the sentiment is that we should continue to go up from here.
Here is a cool tool on tradingview.com that has indicators for technical analysis (TA) check it out has some pretty cool information on there.
https://www.tradingview.com/symbols/STEEMBTC/technicals/
Here’s a preview but go to the website to get the full statistics.
If your not familiar with tradingview.com you should definitely check it out. It’s a site where you could post your ideas on TA. Has all the charts from different exchanges as well as all the tools you need to do your TA. If you can’t draw your own lines and don't know how to use all the tools available for TA like myself, you could check out other users post.
I scan through all the different posts of other users and check out their charts to get an idea of what the overall sentiment is at the moment of whatever projects that I am interested in.
I personally believe in fundamentals, finding a quality project and investing in the project and it’s team. That doesn’t mean I don’t believe in TA, I see it as a great tool to find good entry and exit points.
Leave a comment let me know what you think about TA? And do you think Steem will hold this support level of $0.31 USD? Would love to hear what all of you think.
Looks like we dipped just under $0.31 USD while I wrote this but I expect it to continue going up after a small pullback.
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#SteemOn 🚀 ♨️