Analyzing Steemit Holdings with price movement || Steemit Price Prediction
Here's data showing holdings of Steem and SBD by exchanges, we could see there's an upward movement in this from the past 1 month.
Source : @happycapital from his post https://bit.ly/3ec66Nq
- Also I would like to share that I really like his posts and if you're reading this then thank you for the data and resources/graphs you share.
I have found something proportional to this.
Source : https://bit.ly/3RqnOva
The price for the whole previous month has been decreasing. Do you think both the graphs are related to each other?
On the other hand a clearly a _falling wedge pattern has been forming from the past 22 days, and the main thing?
It's a BULLISH pattern.
You can study the pattern here : https://bit.ly/3pWGAhU
Zooming in to the end, you would be able to see that breakout has happened and a retest has been happening also many large and experienced investors are currently predicting a short squeeze for Bitcoin, therefore chances of Steem pumping, at least for a shorter term is very high. Rest for long term, I'm bullish in Steemit project.
Source : https://www.tradingview.com/x/UE0DoE17/
In my opinion, in the upcoming days if markets keeps itself stable or goes up then we could clearly get a 15-20% Pump in Steemit's price.
Current Steem price : $0.219
Thank you.
Have an incredible rest of your day.