STEEM
Mini descending triangle resistance pull back, probably today or tml for the squeeze breakout either up or downside. When the RSI dip into oversold zone again, likelihood of dip buying again to push probably that will be the breakout squeeze. Probably another short bounce to the next resistance level around 1.76 follow by the W wash and rinse downwards again for the next low.
Short term moving average : still downtrend gap closing
RSI : almost dipping into oversold again
SBD/STEEM : 0.77
Weekly Timeframe : -
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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good analysis......is it Fibonacci retracement?
which software do you use to analyse this?
not using fib, just the basis support/resistance, channel, moving average and candlestick
it would be great if you can write a blog on analysis too