STEEM Technical Analysis: 3-3-5 Flat correction on going

in #cryptocurrency5 years ago (edited)

4 days ago I wrote about the two following scenarios, one bullish and one bearish:

Well, seems that the second one, the bearish, is on going:

  • STEEM is currently tracing the wave (c) on green.
  • I'm expecting a deeper fall, possibly searching and touching the the Lower Trending-line support on which I expect a reaction of the market, defining a clear bullish or bearish cycle.

We are suffering a very long correction, I have the feeling that maybe we are entering right now in a period of stabilisation, as it happened between the end of July and October last year:

The duration of this period would be uncertain but what is clear is that soon or later STEEM is going to rise ;-).

In front of that scenario, the only way is to HODL.

Just Dream and Enjoy Cryptoland!


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.


That's a nasty looking wedge. It wouldn't surprise me at all to see a huge explosion higher, especially it it fails to make new lows.

Yeah, could be but I don't feel right now that "market" sentiment... I think is going to move sideways for a few days...anyway, pure speculation... Thanks for passing by!!!

hay que hodlelse! jeje

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