STEEM - Be carefull about a double TOP
Hello all,
Here is the chart of yesterday :
Here is the current chart :
So today we had a nice bounce from the support line at 0.39$ as expected but we haven't been able to break the previous TOP. We are now doing a pattern called double top which is a bearish pattern. This pattern will be validated if we break the support line at 0.39$, so nothing is done yet. Just keep that scenario in mind. If that support line creates a new bounce, the double TOP will be invalidated and we should try to break the previous TOP again.
I wish you massive profits,
Cryptopassion.io
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as shown in the chart there is a chance to pump again
It is going in the bad direction now. The double top pattern is now confirmed with the break of the support line at 0.39$
Hoping we see prices keep going even though the double top is not a promising indicator of that:(. Either way if it dips back down I will probably acquire additional Steem in the low $30s high .20s if it goes there.
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The UP uptrend is still currently valid so yeah we could see new short term highs for the STEEM.
Ohh really interesting. thanks@cryptopassion
You welcome my friend. The market is going down but let's stay positive
Thanks really, I was hoping we'd Surpass that 0.39$ today, but I guess it's one step back and two steps forward really, I'll definitely keep the scenario in mind
The double top is now confirmed... bear trend in progress...
Wow, not so much of a good news, thanks by the way
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