STEEM Technical Analysis: Looking for Bottom

in #cryptocurrency6 years ago (edited)

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STEEM broke below the ascending support we where monitoring. I told you in my last STEEM update if that happened, it’d likely drop to at least 12,000 satoshi. As of writing this, that’s exactly where it sits.

Screen Shot 2018-10-03 at 3.25.02 PM.png

In today’s video analysis, I discuss where price may be heading next, where the bottom may be and MUCH more. I hope you find it helpful.

Video Analysis:

If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) 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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Nice one Workin!
Never a dull day in crypto!

Thanks my friend. That's for certain!

Getting my wallet ready... deal of the day?

We'll see. With the 4 hour MACD showing clear positive divergence, I'm hoping for a stronger bounce off that 12,100 support.
Screen Shot 2018-10-03 at 4.48.14 PM.png

Look what a nice candle there:

31B10EE4-6690-4E91-89EE-C78F39CC4460.jpeg

Posted using Partiko iOS

Certainly a solid bounce!

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