STEEM price currently testing critical resistance level
I just took a quick peek at STEEM/USD chart and noticed were already back to 5.47 at the moment of this post.
It’s already tried to break above 5.50 once and looks like it’s gonna test it again. Didn’t dip much after that first test of the resistance so fingers crossed. If we can get a decisive break above that thin green horizontal line things could move up pretty fast from here. If not, it may not look so good for a little while (more down).
I did this post from my phone so apologies for the lack of more detail.
I’m gonna look again when I leave work in an hour and hopefully see it well above 5.50.
this does not constitute trading or investment advice. Throw your money into things at your own risk and always do your own research or consult a financial advisor before making any trades or investment.
Psst....6.20.
According to the 4 hour chart, it's in a very nice channel waiting for a breakout either way. Right now its nice to just sit on the sidelines and see whether it'll break the supply zone or the demand zone. Did a full analysis here:
https://steemit.com/steemiteducation/@r3negadetrader/steem-trading-analysis-1-12-18-stagnant-price-stuck-in-a-channel-bullish-or-bearish
fingers crossed! hope it flies up :) thanks for the info bud!
No problem my friend :) Always nice to see ya around
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Lets hope that it breaks above the $7-8 range again in a few days- that's when I get my next power down :-D
Here's hoping....
It's getting there! Could make another all time high by end of January.
Thank you for this illustration We appreciate your working conditions I wish you success as we wish to break the steem line of resistance
It has been broken! onward and upward!
Let's hope it continues to climb?
6.20 now. Looks like it's forming a bull pennant pattern on the 15 minute time frame. Things could get moving fast again!
Thank you so very much for sharing!
Your analyzes are mostly correct . Thank you for sharing ♥
I love watching steem go up!
I'm with you there! Thanks for the post @cryptokeepr. Nice simple update to keep things in perspective. :)