Looking to get back into the uptrend channel
12 hours of “knocking on the door” is further validation of the uptrend channel. Whenever I develop trendlines, horizontal support & resistance levels, Fibonacci retracement levels, and the like, I always look for price action confirmation, and 12 hours of consolidation at the lower channel limits represents more good confirmation of the uptrend channel.
This is where we are at the moment. I’ve sold nothing and clearly anticipate total market cap to get back into the channel and continue climbing higher.
I hope that what I've been sharing here on Steemit is beneficial to you. If you find it to be so, please upvote and resteem this post and previous posts leading up to it. These are very bullish developments that I’ve been walking everyone through in real time. Getting back inside the channel will present an exceptional buying opportunity. Please help our fellow Steemians by spreading this analysis. The good karma will come back to you for sure.
Please leave your comments, input, questions, etc., below!
Thank you very much. Fingers crossed you'll be right!
TA can always fail, but when you start getting confluences and alignments in any given direction, the odds notably improve in favor of a continuation, and in this case continuation is up on the larger time frames.
I'll cross my fingers too, for good measure. ;-)
And thanks for the upvote!
I believe in the long term and I am of the opinion that there is so much potential in Steem that has to be tapped.
Barring a direct meteor hit, I have to agree. :-))
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