STEEM Update: Cup & Handle Invalidated?
I had posted the bullish cup and handle pattern in previous posts. The pattern still remains valid and not until prices dip below teh lowest point of the cup does it become invalid. Prices are now channeling between the two red horizontal lines. It's surge out of it could coincide with the bottom of Bitcoin Wave IV bottom.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Sweet.
Nice call out. Looks like Steem is consolidating a bit between $1.0 and $1.6. Given the current cryptocurrency climate, I view this as pretty bullish overall. If we can break above the highs of the handle on strong volume then I think the bull trend is confirmed along with the cup and handle pattern you pointed out. Great stuff!
I hope it will stay between $1.0 and $1.6 for a little while longer, i need some time to accumulate more
I agree. $2.60 is a lot higher than current prices. I'm leveling in on each pullback. Steem on :)
STEEM is relatively stable in these rocky markets. It may indeed be building a base for a big jump higher.
That would be sweet!
lol steem is taking off! ALREADY BACK TO 1.24. I don't think its stopping anytime soon. We might see it shine during the tough times right now. its going in the opposite direction then btc and eth. EDIT: I do need to keep expectations in check though haha.
I am really hyped .Hopefully steem price will sour . I wish all of you a massive profit.