STEEM - support on 0.415$ broken

in steem •  6 years ago 

Hello all,

Here is the chart of yesterday :

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Here is the current chart :

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I was saying you yesterday that the the important point now is to see in which direction we will go after that sit on the support line. It is a correction and so the drop. It looks like the support line at 0.39$ is supporting us. Let's see if it will continue or if we will break that line also... This is a general correction on the altcoins for the profit if BTC. Let's wait our turn.

I wish you massive profits,
Cryptopassion.io

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It would be nice to think that Steem will eventually "get legs" and start a longer term uptrend, rather than the current see-saw up and down movement we've been seeing for a while.

Yeah I think we are on a long trend UP now but Steem has some difficulties to do a nice start. Let's see in the comming months when people who want sell would have sold most of their stake

IMO, the challenge to get to that point would be that the crypto currency be used for more than building up steem to sell it for currency. If there was more of a market where people could buy 'stuff' more easily with steem, then there wouldn't be quite the highs and lows as people buy / sell for the best outcomes.

Unfortunately, cryptocurrencies were never designed to be able to handle pump and dump schemes.

Good point. Last big Up was linked to all the money bring the crypto world by Ethereum with the different ICO. We need to see this time a new projects which will do the same.

Same remark my friend, my publications are not here for advertising your posts. It is considered as spam

Okay sorry