STEEM Showing Early Signs of a Potential Trend Reversal

in steem •  7 years ago 

SUMMARY

STEEM put in a complex retracement that went close enough to the prior wave 2. Given the extended 5th, this was not surprising as had been stated in prior posts. What's interesting is the the WXYXZ appears to be complete because all subwaves have been accounted for. Very interesting.

A closer examination of the the current bounce is shown below with a potential for an inverted Head & Shoulders. The Left Shoulder (LS) is complete as well as the Head (H) and the Right Shoulder (RS) is curerntly in progress as shown by the white arrow line. IF this is correct, minimum price move could be towards $2.57 or so.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

That's pretty morbid

  ·  7 years ago (edited)

Steem will probably get up to $3 by early/mid April. The way the market's moving and the support altcoins have gotten in the recent months, I'll be dammed if it didn't.

  ·  7 years ago Reveal Comment

I think we see the bitcoin under 5.000$ in the next days

Good TA. While I count this differently in my morning update, I came up with the same conclusion. We're seeing signs of a trend reversal for Steem. https://steemit.com/cryptocurrency/@workin2005/steem-analysis-reaching-the-apex

3BMEXyVYnifoghTZVGBPtTYENPXdXh86jy

good post, The latest information is essential in order to build steemit and as the passion for classic hunts bitcion

buy now

  ·  7 years ago Reveal Comment

Agree, we did form a hammer 2 days ago, but $2.00 (yellow line) is now a resistance level. Confirmation of the reversal will be when we close above the daily trend line in conjunction with taking out the sell orders at $3.00 (green line & circle).

👍 informaion

Follow back

Sweet. Let us hope it does shoot up.

Just wait - it sure does shoot up. As it did last year.

  ·  7 years ago Reveal Comment

Buy while it is at $1.x zone. It is not going to get lower than $1.

nice I hope

Thank you for the information. Very useful

Good time to buy =)

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 117.70 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

Congratulations @haejin, this post is the ninth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 55 and the total pending payments to posts in these categories was $2905.87. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

Will what is on ground steemit should be upto $3 by april going by others consideration, the waves are suggesting that.

  ·  7 years ago Reveal Comment

Don't listen to him guys, Haejin is the best TA ever! He hating!

Make sure you downvote all of @Haejin's scammy post!!!
Screenshot (85)_LI.jpg


Hgin You should stop your SCAMS NOW!!!
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts


@HAEJIN - You Should Watch This Video
I didn't make it. I found it searching "Haejin Video" on BING.


HaejinWork.png


It's only meant for use as informative or entertainment purposes.

@Haejin You do not provide any entertainment. I brought you some.

Censor.gif

I'm Crying!!! That $0.00 downvote hurt me. I need a band-aid!!!