[Breaking News] Steem Breakout To The Downside

in steem •  7 years ago 

Unfortunately Steem just broke out to the downside. We had a trendline which had hold for 5 days but has now been broken. Here is the daily chart:

FireShot Capture 1034 - STEEMUSD_ 3.18610252 ▼−7.11% _ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: At the moment Steem is at 3.15 but I do think it is likely to go down to $3 or 2.90 which is the 200 day moving average (yellow line).

If we are looking at the upside, we must pass 3.65 in order to change this negative short term trend that we have been in for about 2 months now.

Happy Steeming!

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Seems a lot like a time to buy. I don't have much TA experience. But the Bitcoin bear seems to have ended and new things are coming for STEEM. MSM censorship is growing. So there is a lot of attraction for STEEM.

Bitcoin is going in the right direction but we are not out of the woods until we reach 11700 or more exact have a daily close above it.

I agree that this is a good time to accumulate more cryptos across the board.

Yup, MSM censorship is as you might expect, I think Corbett Report summed it up real good: "the revolution will not be youtubed"

the revolution will not be youtubed

That's just pure gold. Ironically reminds me of the times where Fakebook and Youtube was the revolution.

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This is wor king nicely:
received_1748573218519028.png

Lets keep hoping alive. Good news on the way!!!

Yea i feel like we are only going to be down for a little bit should break out on the bull side later today

good information and great idea.thanks sir

Your predictions are logical, I think so too. But as always we have to wait.

  ·  7 years ago Reveal Comment