You are viewing a single comment's thread from:
RE: Steem Breaks Out Of Triangle Pattern - Up We Go!
Would be interesting to compare a Steem chart with a BTC/USD chart. I suspect this breakout could be due to BTC dip, but excited for another upward trend
I looked at the BTC/STEEM chart and there are two things I can see as a possible reason for the breakout there.
There is a cup & handle pattern:
But I'm not 100% sure if it's clearly defined enough to be a true cup and handle or not.
There's also what appears to be a rising triangle on the BTC pair too:
So either one of these could have helped the breakout too I think.