Steem Possibly Breaking the DowntrendsteemCreated with Sketch.

in steemit •  7 years ago 

About one week ago I've made a post about buying Steem and powering up and it was a beautiful timing, it was the lowest point in weeks and the price has not bounced down from that support level.

Today I was reviewing the investment and I saw a big and clear price dip denied.

just near the 61.8% Fibonacci I drew on my chart

I am expecting the price to break the 61.8% Fibonacci today or tomorrow and form a new support level, breaking the downtrend that has extended for weeks.

I am very excited for the breakout and the gains Steem might have as volume kicks in.

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Your posts are always interesting @igormuba. I hope the downtrend stops too. Thanks for sharing.

Check current prices and volume, volume has been increasing substantially, we are facing a tough resistance at 0.00041 BTC, I hope it do breaks this resistance because if it does the next one is far away and it will blow!

I'd be happy to see this wave end up as a uptrend breakout. Steem is bound to be high again.

The volume has been increasing, let's uope that it succeed ok breaking the 0.00041 btc resistance, it has gone to 0.00042 but market has denied it, hope for the best haha

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Very, nice blog. thank you for joining steemit.vote
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Great post. Upvoted and followed.
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