#Steem finding support around 50fib region #steembtc

#Steem seems to be in an ascending channel, facing resistance at the 20DMA level at 36.8k sats, after bouncing off that 61.8fib support at 31.7k sats, currently its being supported by the 35k sat region which is the 50fib level of the move X-A and also 23.6fib of the B leg.

If steem breaks above the 20 DMA and subsequently the important resistance level at 39-40k sat region, then we can expect it to rally to 42.5-43k sats, before we see some correction from #steembtc

You can find the fully updated analysis on my Tradingview site as well here:
https://www.tradingview.com/chart/STEEMBTC/EpO10lcK-Steem-finding-support-around-50fib-region-steembtc/

As well as on my twitter profile:
https://twitter.com/rajista007

If you found something useful here/benefited from my calls, then kindly hit the upvote/follow me here, #tradingview as well as in #twitter.

https://twitter.com/rajista007
https://www.tradingview.com/u/rajista/

If you are in a tipping mood , you can buy me a beverage :)
LTC: LRapgEkUPwV2qENjtt3NEH8d4PPvW3sFfm
XRP Address: rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh XRP Tag: 778576383
BTC: 1LM7tHMvLSghnBw2WTk3MSvfDyiGP5uGpd
ETH: 0x47eefeeea7e7b0d0840e841fbf3b3ab28ea86f88