Technical View on Steemit & Steemdollars

in steemit •  7 years ago 

I recently looked at the charts of SteemBTC and realised that there as some really interesting patterns developing in them which indicate some great bullish potentials.

Triangle Formation

First, we have a triangle formation which I think will break to the upside once Bitcoin Starts moving higher.

Bullish Gartley

Alternatively, even if we break to the downside, there is a horizontal support which also is the point of completion of a Bullish Gartley pattern on the charts.

Overall, the entire scenario looks ripe for some strong movements upwards towards new all time highs. Will have to keep a watch.


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