STEEM - Support line tested at 2.85$

in steem •  7 years ago 

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

As you can see, we were in the middle of the UP to go test the resistance line around 3.60$ when we had a correction. This correction has been tested the support line at 2.85$ but that support line created a bounce. We are now back in the 3$ level and we are consolidating.

Let's see the coming hours, we will perhaps test again that support line but if it can hold the drop, the UP should come back very quickly.

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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I'm deeply into Steem! Let's hope it reaches to $6 soon enough! BTW, give me some of the idea about how can I learn technical analysis like you? Would be appreciable. :)

I am pretty sure we will be exploding after this consolidation.

Although some new decentralized social media platforms arising ( esp the coming ONO based on Eos).. I still believe in steem for the over 370 Dapp already built on it ( at least during 2018)... what do you think about ONO and the like? Or you just look at the tech analysis only? @cryptopation

As I'm writing, SBD is $3.20 and STEEM is $3.04 on coingecko. I think that STEEM will come back up to reach some parity with SBD.

Amazing of your post..i appreciate this post..all the best..
upvote and resteemit.

Thanks for the info

Need sbd chart

all the crypto will moon soon!
Just my opinion not a fact LOL

Thank you for sharing this TA

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I will put it this way, I'm trying to promote cryptocurrencies and Bitcoin but I don't encourage others to invest. Think that it's too risky to play with other people's money. Besides there are also other ways to get the crypto and to use it.
So far I have learned that there is no use of forcing people to something but you can help them with honest and quality information.