STEEM Technical Analysis 2017-2018 📈
When someone calls you.. do you pick up the phone? 📳 "Hello" - or let it ring?📴"brr brr"
The reason why you should buy STEEM is very important - Here is why
I'm calling you now and you better pick up and listen to what i have to say!
STEEMIT is growing
And it is growing at a fast pace, here is what i am doing at this moment.
Im tracking the Past price of STEEM and the Current price of STEEM
What i found was that there is a pattern emerging and i know steemit will go up again very soon.Drawing Trend lines has always brought me great succes when trading the market, but for today we will use it to determine the coming changes for the price of STEEM and the signs to look for when steem will rise up in value once again as it did before.
We all know that the price for STEEM depends on basic things such a 'supply and demand'
the more STEEM is being bought on the market the more steem itself will rise
The opposite is also true that when STEEM is being sold on the market that steem lowers its price, this is simple cause and effect.
Looking at the current chart as shown below:
☑ We can see that The First Red Line Drawn gives us a platform to go forward on.
☑ The Two Green Circles pinpoint the point of STEEM Rising.
☑ The Red Area marks The Oversold Area where the market is beginning to move into a strong consolidating pattern. This pattern is key to figuring out when STEEM will eventually go higher up in price.
☑ We begin to see the same pattern emerge, The first time this pattern emerged, it went from a Lower Low to a Higher High And when Steemit users began to see the price rise to $4 It was obvious that they wanted to Sell, and cash in on their profit. STEEM accordingly dropped back down significantly.
☑ Then we have the second time the pattern happened we see a Higher Low form.
☑ And at the last step i drew a Third Red Horizontal line to show you where the current support/resistance is located at this time. Right now Steem has dropped under that support making it a Resistance.
☑ But what was really interesting to me is that the second time STEEM rose up that it was at the exact same points as before.
Meaning we are looking for a strong consolidating pattern that will gives us the alert for when STEEM wil rise up.
☑ Also worth noting that when the first Drop occured from $4.00 to $0.30 it was very abrupt. But as we can see the Drop for the second time is more gradual Meaning that steem is going in an overal Upward rising trend in the next 6-12 Month's. And as the platform itself expands it will gradually find balance.
Steemit Ranked 5195 on he Alexa Ranking 1 WEEK AGO
Today Steemit is Ranking at 3877
This absolutely shows us we are in a cycle of exponential growth at this time.
Conclusion: Steemit is a great platform, that is gathering its growth from the overal Use and Contribution, and STEEM and SBD will begin to rise into a Slightly Upward Market Trend in the Coming Months, we can also see that as the trendlines push the STEEM market together, we get a compression from which the price will launch up a third time. I advise you to put whatever you can invest, and to invest it in your STEEM POWER. This will give you more growth and once STEEM begins to rise back up it will be strongly noticeable for everyone involved.
Thank you for this post I do as well think that STEEM will rise up a lot in the near future but I am still waiting a bit towards 1st of August before I buy in
Hopefully the price will get a bit lower aiming for 35k Satoshi
keep it up
You are welcome :)
You can wait sure that is all on your own accord, but the sooner the better ofcourse.
Since steemit is right now dealing with a Resistance level it may drop more yes that is correct.
And look at how the Crypto market is Red today its definitely profitable too buy now.
Yes for sure!
But I like to gamble a bit extra haha 0.75 USD would be great tho
I will make a post soon about a Big opportunity to invest in
This opportunity is pretty big that if you for example
Invest $100 you could get a return of arround $20000
So Stick arround Napkin. ;)
Just followed you but could you give a hint towards what it is because usually I would say thats either bogus or there is way too much risk involved
You are gonna have to wait my friend. im still working on the full analysis of it and saying anything now is not in mine or anyone's best interest.
Okay sure but can you maybe tell the timeframe?
And have you gotten an answer from Xaurum haha?
They have not responded weirdly enough no. so Xaurum is off my list since yesterday i was gonna add this to the post im gonna make in the next few days. along with the announcement on the new investment coin.
the Timeframe for this announcement would be in a few days. :)
New Followers get 0.001 SBD$ and an upvote for free!!
Just follow @steemvote and...
Last note about the gradual decline, I.e, change in pattern! On point as always friend!
Upunked and learned the way great post, I actually have bought some steems since the value went down.
By the way #yunk it's already on Urban dictionary
http://www.urbandictionary.com/define.php?term=Yunk
Many Yunks!! :D @siragrays The Yunk is real :)
The real ingenuity is that it's set up as a social network as well... This makes it unique among all the cryptos. I posted a video (a little dated- Bitcoin was at $1000) That was supposed to list the top "4 Jackpot" cryptos... they only listed Bitcoin and alluded to the other 3- Ethereum, Dash and Steem.
I agree yeah, im sure other platforms such as steemit will begin to emerge soon. And overtime all social media's will either have to become like the example steemit is making or totally go broke. So either way social media is at an absolute turning point.
That's what the guys in the vid said yesterday... It is a pretty good one for crypto-novices like me. But you have to wade through the promotion- they're trying to sell their service.
Read in between the lines yeah. All in all im looking very forward in the coming months and years :)
I'd like to see steem rebound a little. Once I get over 5000 SP I can start siphoning some off to play with.
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Solid article. I was about to post a similair post. The blockchain is here to stay. No matter what any crypto will do in the upcoming years. I think that's a conclusion we can make by now. An interesting website I found: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. For example: https://www.coincheckup.com/coins/Xaurum#analysis To see the: Xaurum Detailed analysis