STEEM update 09.04.18

The STEEM charts suggests, that a final low might be needed to end this downtrend.

We are seeing fractals:

Both charts suggest a sudden rise in value in may at the latest.

But if this trendline is going to be breached significantly (immediate breakout), expect the low to be in and a new uptrend to start. My wave 3 target is still 14$ (162% extension).

Will this coincide with a new uptrend in BTC? I certainly hope so.

Are you tired yet of this downtrend? Just don't sell low.

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If you think this to be useful information:

Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.

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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.

Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

I believe steem and steem dollar can go as high as 25$ in the next run. Hopefully soon, but not too soon :) need to get some more first! Great post... Upvoted

Thanks for sharing such a wonderful post concerning steem chart, I believe this Will go a long way in helping steemians who have lost hope steemit because of the downward or fall in price of steem at present. I'm hoping the price will surely increase sooner or later. The best thing is one's shouldnt sell now as you have advised but one can buy now just for profit in nearest future. I really learn a lot from this post. I will consider it resteem. Nice work from you brother.

i am not selling.... just Waiting. For Steem, I never did until now a Power down. And it was good not to do it. Nevermind what it will be, a breakout or a downtrend, it is time to HODL or even now to buy some STEEM. Resteemed

thanks for your experiences share

Das wäre doch mal richtig gut.
Aber eigentlich egal würde nie mein Steem verkaufen.
Höchstens noch etwas dazu kaufen.
Hodl!!!

I hope best for this platform

I need an entry level for STEEM/BTC. There is a great future for this concept. Mass adoption will be soon, maybe a more agressive marketing strategy will be needed.