STEEM/USD
STEEM has been dominated by the bears since the beginning of 2018 indicated in the descending wedge shown in Fig 1. below.
Scenario A:If STEEM could break out as illustrated on the blue line 1-5 Elliot wave, then best buy is before $4.2
Scenario B: If STEEM could break below as illustrated on the Red line ABC Elliot correction wave, then best exit or stop loss is at $3.05
MACD is in a good position to accumulate more STEEM. When the right volume comes, Scenario A is likely to happen.
Fig 1 Scenario A and B
Fig 2. MACD details
Your Comments, suggestion and questions are highly welcomed
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Steem will cross 5$ next month
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Certainly it will
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Thanks @trizle... Hope the bulls are back soon ! UPVOTE + Resteem
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We hope the bulls get back soon
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Nice analysis, I think that STEEM needs to breakout from 4 to 4.2 to be bullish for now! Followed you since I just did a STEEM TA update yesterday !
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The breakout is possible. Can I see your TA?
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I did one yesterday if you check my page!
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Ok I'll take a look and upvote
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Dear trizle,
I have not analyzed it yet but could be correct, your predictions.
I can only tell you one thing for sure. Steem generally is on a bull trend. So it will go up and longterm looks great. I hold steem for myself and it has real potential. Hodl haha!
Yours truly, Gandalf The White
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Yea you're right. Long term would be more profitable
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Perfect. Yeah, it is often better.
Have a good one!
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