STEEM Breakout - Retesting Previous Resistance as Support

in steem •  7 years ago 


Coin Telegraph

GOOD AFTERNOON STEEMIT!

Remember our last STEEM breakout trade idea? Here's the daily chart as a refresher if you're an @forexbroker n00b :)

STEEM/USD Daily

I know STEEM failed once in the week since I posted the blog above, but it continues to hold the $1.00 psychological level and this JUICY retest could be all we need to finally break clear higher.

STEEM/USD Hourly

Juicy indeed...

I've personally now hit 5000 STEEM POWER with an average price of just above the $1.00 mark. I'm pretty happy with the Steemit portion of my cyrpto portfolio and am looking forward to continuing to skim my profits away as extra income.

Have a great week!

Peace.




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Let’s hope it has a sustained rise. In your opinion where do you think this will go.

These little swing highs are the obvious first spot it needs to get through.

That last spike was the SMT announcement which I still can't believe was/is totally ignored as it sold back off.

I just really want to see it get above that level and try to turn that resistance zone into support. Price needs to build a new 'fair value' floor up there, just like the $1.00 level has been for so long.

yes I would love to see a conservative floor of at least $1.5 I think thats not too much to ask for.

Nice! I'm trying to build up my Steem Power too!

Good to hear mate. If you truly do believe in the platform, then you should be investing into it via Steem Power.

Get involved! :)