Trade Recommendation: STEEM
The price bounced from SMA50 but it could not move above 0.000400 resistance level. We can use a breakout above this resistance for joining to the main uptrend. The price now is at the support zone formed by SMA50 and the uptrend line. MACD is going to support possible upward movement. The market corrected the previous upward movement and now it can be ready for a new impulse wave. It’s a new trading opportunity. Pending orders for buy can be placed at 0.000410 with stop orders below the local swing low at 0.000300 level. Profit targets are 0.000550 and 0.000640 resistance levels. The part of trade volume can be left for long run. If you don’t use leverage, trading volume for this trade is up to 10% from your deposit.
Market: STEEMBTC
Buy: 0.000410
Stop: 0.000300
Profit Targets: 0.000550 and 0.000640
The trading signal is based on Poloniex chart.
Source: Hacked
Hey! nice info!
Do you know whats the difference with comparing prices with BTC and DOLLAR? Does it matter?
Thanks!
Yes it does matter. They are very different. A coin can loose value in BTC but be gaining in dollars at the same time as long as BTC is going up enough to compensate.