Steem has formed Bullish Flag | We are going to hit $10
CryptoKraze here
Possibility on 4 Hour Chart
If you look at 4 hour chart, you will see Steem has made a big impulsive move and now it has formed a bullish flag. This is very common pattern in crypto currencies, whenever a coin breaks with big impulsive move, it pull backs and wait for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has dipped to 50 level now, so we have pull back done and next impulsive move is ready. I was waiting for this dip to get in another short trade.
- I have a new buy entry at 0.00043100 with my profit target will be around 0.00075000 or above.
- Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.
I really hope so. $10 steem would be historical
$10 is a tree milestone, you are yet to see the Forest milestone that will be $100
Lol i have not lost sight of the forest. That’s a money tree forest
That's cool
I d love to see that! Let s see where it goes
Yeah lets see, we already have good jump so nothing to loss even if we have to wait for few days as well.
Nice, we would love more analysis
@cryptokraze with your post and your chart I have know that coin appreciate and depreciate with time.
Thanks for this update.... More grace
Loks more like a sell off than bull flag, A bull flag is more of a zig zag??