STEEM Technical Analysis: Looking for Bottom
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.
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](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmXLXHUQER8Pz8jhb2VFMPXmNmdyBjNDD8HaFVCM2Az1eg/Screen%20Shot%202018-10-03%20at%204.48.14%20PM.png)
Look what a nice candle there:
Posted using Partiko iOS
Certainly a solid bounce!