STEEM (STEEM/BTC) Technical Analysis: WAITING FOR A BREAK OUT OF CONSOLIDATION

STEEM has been consolidating between 13,100 and 12,100 satoshi for the past month. A decisive break below could send price falling to at least 11,400 satoshi and possibly as low as 11,000 satoshi.

The daily Bollinger bands continue to severely bottleneck.

Zooming out on the daily chart, we can see the POSSIBLE makings of a cup and handle pattern. It’s clearly much too early to speculate on completion.

In today’s video analysis I discuss, where price may go from here, areas to consider lattering into a position and MUCH more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/@workin2005) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005

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by Workin2005

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