Update on Earning with Steem [short term biased]
Yesterday we spoke about the short term possible gain on the steem ecosystem.
a quick recap and what's next for the token in question.
Okay firstly thank you for sharing your thoughts.
Our short term estimate that played out was as follows:
With a break out from the resistance we had a push to above 0.18500 which means we where in the green zone for some time thus I was helping at work I didn't get good timing for the recording of this.
Scenario #1 price rebounds from it's current resistance turned support and continues to the upside..
Scenario #2 price plummets through our resistance terned support and heads straight to the next available support level for a sufficient liquidity grab. However it may still only be looking for this support to continue to the upside.
Option #4 price consolidation to kick out impatient trading and grab some more liquidity. Fortunately steem tends to be volatile at times makes for a good option.
These are my thoughts on the next possible moves steem is going to make.
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Thank you, friend!


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