STEEM - Bounce confirmed after have almost touched our support line
Hello all,
Here is the chart of yesterday :
Here is the current chart :
As I was explaining you yesterday, we were not fully able to go touch the support line at 1.50$ and it is most of the case a sign that the seller don't have enough power immediatly to continue. This hypothesis is now confirmed as the bounce has continued during all the day of yesterday. We must now continue the UP and go test the resistance line at 2.05$ to confirm that the recent drop was the short term low.
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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It seems to me that Steem is closely following the BTC trend. Is this the case? So could we assume that when BTC goes through a dip, Steem will as well?
Is it a sympathy bounce or will it have claws?
I hope it has sharp claws that dig in and climb upwards!
I think it will continue down for a while. Maybe not as fast as it has been over the last few days but still trend down. I do think there has been some good news include the SEC not declaring ether as a security which might give crypto in general a bounce but I think we need some additional good news to start the up trend.
Well done, and post upvoted :)