#Steem Chart - Introducing the 550/500 dMA's
Sufficient data to work with
Having now got sufficient data to work with I have pulled the #dMAmapping⇗⇗⇗⇗⇗⇗ for #Steem as far back as I can and have introduced the 550/500 dMA's.
I wanted to pull back the dMA's to their limits in order to present a clearer picture of the Long Term Bullish Pattern for #Steem.
By pulling the moving averages way back to 550/500 dMA's I also wanted to highlight the importance of the $0.85 price which I have recently talked about.
The trigger point of $0.85 is a very important number and as you will see below, the 550/500 dMA's both sit sequentially below it and in a rising formation.
#Steem Price Chart
#Steem #dMAmapping⇗⇗⇗⇗⇗⇗ Screen
#Steem triggered a #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert Signal on 10-May-2017 at $0.85.
From triggering the #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert, #Steem has seen a growth of no less than x 1.27 to the current price of $1.08.
With a current Market Capital of approx. $265m and Ranked No.27 in the #CryptoCurrency Market, #Steem has seen an explosive ride these last 6 months.
We maintain a Long Term BULLISH recommendation on #Steem and will continue to monitor the #technicalanalysis over the next few weeks/months.
Thanks again for reading.
Stephen
Shared on twitter. Stephen
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Great information, good data to work with thanks
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Pretty interesting post
Resteemed
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How often are these things updated? I seem to see a lot of these on here.
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Thanks for sharing as always!
So Bullish on Steem now.
Also got Wings under your advice, and as I thought - it's on a run!
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Even so, steem should be much higher than it is.
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Hi Stephen,
Wanted your opinion on the point raised by Dan Larimer where he stated that users are misusung the voting system in Steem and nothing can be done on it.
Thanks,
Vineet
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