STEEM - Scenario of the Rebound still valid

in steem •  7 years ago 

Hello all,

So yesterday I was showing you that we used the support line to do a rebound :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The scenario of a rebound is still valid.

We need to see now higher highs on the chart like I drawn you in green. The next hours will be important because if we don't have enough bullish volume, we could quickly go test again the support line in red and finally break it. So if you are long on the market, keep an eye on this support line and how the market is reacting and don't forget to use stop.

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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Guess we will see what happens. I really am hoping for the best.

I quite agree with you that STEEM is revolutionary because it is decentralized and open. Thank you for your article about cryptocurrency. I'm waiting for your next post.

At this STEEM is just following BTC with 0.00045 to 0.00055 range. Therefore, if BTC goes bullish UP, STEEM will not only just follow but also may rise in BTC pair. STEEM having a big resistance at 0.0006 BTC, if it can break that with BTC staying UP, we can see next resistance at 0.0008.

If it comes down to test that support line, I'll be ready to buy more. Maybe it will make a double bottom than back up?

Well I am optimistic. Keep posting.

Watching the market closely!

Steem is the sleeping giant of the crypto world...People will wake up to steem soon

I agree ☝️

100% right.. i like your comment

Volume is pretty low at the moment. But who knows, we're constantly in no man's land it seems.

Thank you for this report and useful post

wow this is good

amazing, always the best blogger, the most interesting for me :) Yeah steem is the future ! We have to invest in it for sure ! :) thanks for creators :)

Quite informative. I think it's important at this point in time

Where are the charts coming from mate?

First line of Disclaimer is 💘.... Keep up mate..

Thanks for this info!

Your name sure works! @cryptopassion

100upvote.gif

Steem rebound is very likely based on this.

Beside the technical analysis one can be pretty sure that this great technique will prevail and STEEM will recover very soon.
Nobody can close his or her eyes and simply ignore what great things are happening her.
Happy steeming !

i thought steem at around 4.6 zone is good but overall crypto market is currently like in effect of move in sympathy pretty much all the chart moving the same way as bitcoin. 3.2 zone seem like the next good support for steem, what do you see ?

thanks ya very nice graph @cryptopassion

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I respect your opinion and you have the experience in analyzing the currency market
I truly appreciate your efforts and support
We wish you a good profit
I wish you good luck @cryptopassion

thanks very complete your information

  ·  7 years ago Reveal Comment

If you want do some advertising of Binance with your referal, do your own posts but don't come spam my analysis. Thank you.

Sorry