STEEM - W pattern - in direction of our resistance lines

in steem •  7 years ago 

Hello all,

Here is the chart of yesterday where we were trying to break the support line in yellow :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The support line in yellow created a bounce and we are now going in direction of the little resistance line in bleue. This resistance line is not a powerfull one and I don't expect that it will stop us for a long time. The support line in orange is much more important for the future trend so let's see what will happen when we will reach these levels.

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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Hope bulls comeback again

I hope too! But it is a question of time..

Steem follows the btc trend. I hope this will end one day and break free from this nonsense !!!

All crypto follow btc currently. It won’t have reached mainstream adoption until each crypto is assessed on its merits and priced accordingly.

I’m hoping to see prices over sold for another couple months. For me personally a nice pump starting in June or July will be great and allow me time to get more invested in the near term while prices remain affordable. I’m keeping my eye on the STEEM price and can’t wait to get more even cheaper! Thanks for the update!

I agree. I'm not selling anytime soon

Looking good. Onwards and upwards.

Bitcoin has "beared" the market. It is unlikely to expect the growth of Steem in the nearest future...

Steem will redeem itself soon. Just HODL!
(Follow me guys and I will Follow back)

Educating myself on ICOs still so posts like this are definitely helpful, thanks :)

Can you explain what a support line is?

thanks for sharing crypto-news...
resteemite done....

thanks for the info

Thank you for good content and keeping us informed.

The post is very impressive @cryptopassion 😎😎

As the friend @reemy said, you have to have hope. Same thanks for the information.

good information. thanks

looks like a butterfly pattern and it seems its going to favor a bullish trend.

I wish it can solve to fast and steemit user restsrt this