Steem Market Still Down - I Generate Upward Signal

in steem •  6 years ago 

Hi

I'm created a signal for my followers, Guys this is a big opportunity the Steem next move upside and touch higher than 6$ (six dollar), I tell you totally on technical analysis base and this is not going to wrong right now because i found his super support you can see on this Screenshot and i did drawing something for understanding.

Littlely i told you i'm not a expert and this post is just for idea i want you people tell me if you have truly news, I was heard steem price will increase after little bit, Now i thought it finally happen.


Thank you for reading and give your opinion here keep stay with me.

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I do also technical analysis. But based on John J. Murphys Dow Theory (and that´s the most used approach for market analysis) there is until now NO NEW SIGNAL.

There support was triggered the third time.
Ok that´s correct in your picture.

Also the rough downtrend you indicate with the blue line.

But this is still NOT a valuable signal for a trade regarding a long trade and hitting the 6$ price.

To be more precise:

    1. The price needs to close on a daily base above your blue line. To declass the downtrend in a first approach.
    1. As long as the blue (downtrend) line is not crossed, it works a resistance. That could cause more sell pressure and could kick the price back to your indicated support... or also below that.

In my opinion your prediction is a bit too early to get to a price of 6$.

A short term trade could be a LONG Trade with a stoploss a little bit under the support and a first takeprofit at the blue downtrend line.
From that there could be more potential for a coming back.
Evereything else is hoping and guessing...

And there´s no room for hope on the stock- and cryptomarket.

thanks for sharing your opinion bro i know i too early said what is happen in future but INSHA ALLAH that will done very soon near 2 weeks

Thank you for your upvote!

Thanks for sharing this knowledge!

People must really like your optimism.

You got a 2.36% upvote from @buildawhale courtesy of @tayyabhussain1!
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Nice notice man.

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Good initiative, look forward to it. The crypto overall is having a blood bath. Need some breathing now :) Quite greenish trending after a long haul. Expecting Bullish in near future.

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