STEEM - We are now just under the 0.21k - Descending Triangle

in steem •  5 years ago 

Hello all,

Here is the chart of my last analysis :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Yesterday, I was talking to you about a possible bull flag, it has been invalidated today but we are still in a descending triangle which is not a so bad pattern. We should have the decision from the market very soon as we are approaching of the appex so let's see in which direction the break out will take place.

I wish you massive profits,
Cryptopassion.io

Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you 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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If you have a positive direction for more than 14 days...with consolidation on the way, a descending triangle is never a good sign...at least, it's a very bad time it is setting in..
Just my opinion!

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