STEEM - Break of the resistance line failed - Correcting

in steem •  7 years ago 

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

As explained exactly yesterday, the STEEM tested a last time the resistance line at 4.25 but failed to stay higher (green circle). This fail created a drop and we are now going in the direction of the support line around 3.65$. I think that we will do at least a test on this line and we have to hope that we won't break it more than several hours.

A break of that line could send us very low because we don't have lot of support in that zone of prices but it is a little bit too early to start to discuss about this scenario. Let's see first the test of our support line.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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Thanks as always for your great analysis - upvoted!

Going to be great

it is a sad news but we should hope for the better.

Very sad. Hope for the bounce back.

Amazing TA, Cryptopassion really showing the passion in these analysis! Keep up the good work.

so good news thanks for @cryptopassion

very good


The price will be rebound soon

Thanks for sharing , STEEM have been doing great the past 2 weeks lets hope its bounces back.
The future looks great!

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