STEEM - Support line broken
Hello all,
We finally broken our support line on the STEEM :
We have still the little support line from the previous BOTTOM to help us to stop the drop but yeah we are not in a good postion...
I'm also a little bit afraid about the pattern that I see as we could interpret it as a Head and Shoulders which is a very bearish pattern.
Let's see my friends if we break also the support line in orange. I would advise you to stop to buy STEEM if you see that we are breaking that line in orange also because it means the BOTTOM is still not there.
However, if you see that we stay between these 2 lines and we are not able to break the orange line, it is a good level to buy back some STEEM but always in several parts, it is really important to avoid stress if we continue to drop and also to keep money to buy below.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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I can't see it going below 6k it's been quite the roller coaster lately I guess it won't matter much by next year anyways. I'll just keep buying.
Ive picked up some steem today, I just couldn't wait any more lol
thank you very much for this post
I think the great community behind steem with push through this and keep going!!!
Indeed. Any idea with a community behind it is destined to flourish in the long run. 👍
Good work ,good post.
Yeah H&S is a pretty serious bearish reversal signal.
Inverse h&s almost never lets me down.
Truly difficult to be hopeful at this time, yet one must say the market has seen worse times than even this time. But I thank you for your analysis. Caution is the word.
the last time the market has seen this level of tanking was Mt. Gox. Ever since then the corrections haven't been nearly this bad
Do you give an opinion or just a forecast? @cryptopassion
BTS also has head and shoulder pattern that has breached the neckline.
Nice work