Double breakout of btc around 6400 and 6800 from the past 2 days, push the price gain by more than 10%. And steem follow suit the breakout supported by rise in volume, hitting the resistance around 1.76 and some profit take, how long will this surge or rally continue ? Is the major downtrend reverse ? Candle is outside the possible big descending triangle. Riding on the momentum, possible few more test again to see if we can break above 1.76 and close above. Will be looking to profit take as it test the resistance level and buy the little dips along the way.
Short term moving average : crossover turning uptrend
RSI : -
SBD/STEEM : 0.852
Weekly Timeframe : -
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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Awesome post. Very helpful.
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