STEEM - MMA13 soon touched
Hello all,
Here is the chart of yesterday :
Here is the current chart :
The MMA13 has been touched and broken. So if my scenario was correct, we should soon see a diminutaion in the volumes and an UP trend coming back. We could perhaps drop a little bit more and go touch the MMA20 (second green circle) but that line must hold and trigger the bounce.
I wish you massive profits,
Cryptopassion.io
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As long as we don't trade under $2.20, we should be good to for another rip higher. The area between $2.20 - $2.30 has a very extensive history of being used as support/resistance.
nice analysis
Hope support at $2.20 holds. Steem below $1.60s was such a bargain. Hopefully we’ll look back to now and think the same soon.
To the moon! It has been been terrible to see the fall in steem over the last while so a few good rallies would indeed be great to see.
Totally agree with your analysis. Price bottomed, closed above my line in the sand at $2.00 and closed above the daily trend line. We just need to take out the sellers at $3.00 and price will go much higher.
Awesome post @cryptopassion thankew for giving us useful informatin 👍😊
Already years I try to understand these technical analyses of charts but I think I it's something I'll never understand.
The more respect I have for people who do so :)
Curious following the development of steem I'll keep on trying to understand what's going on there ;)
I think it will have another jump before it goes down to average. It's still good time to buy steem now. HODL guys!
Beware of over the counter sales of BTC to big business. Circle investing and the Winklesvoss twins are selling bitcoin by the billions and the volume doesn't show on exchanges! There alot going on in the undercurrent....
Thanks for this update. Nicely interpreted to convey the message in the graph