STEEM - Break Out from a triangle soon
Hello all,
Here is the chart of yesterday :
Here is the current chart :
It is very interesting to see how sometimes the altcoins can have their own moves and how sometimes we have very similar moves on Bitcoin and Altcoins.
The STEEM has also broke a support line at 2.85$ and exactly as the Bitcoin, we have in formation a pattern in triangle. That triangle should give us a Break Out soon but impossible to know which will be the direction. Let's just hope a UP break which will allow us to come back higher than this support line.
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.
Do you want them spendable directly via a dedicate plastic Visa card ?
Do you want receive back 0.5% of your spending in Bitcoin ?
I recommend you the platform
Still waiting for break out...:)...
Hope it breaks out soon...
Hope it moons!
the nice post! I followed you!
Perhaps this is a good news post. Thanks for the information. Hold thumbs for up up and away
We were supposed to have a massive bull run now or early days of June but I guess all this was false confidence and hype.
who said this and based on what?
steem vs btc is the only metric I care to look at. vs USD is just a derivative of the BTC pair. Steem value correlates pretty closely to the Alexa rankings, imo.
A lot of so called "experts" did. Based on the traditional rise there is in the crypto market after the consensus.
really great, you are so great at presenting it, perfect.
Your post is very useful for steemian users, thanks for the information and the delivery of my brother.
Hopefully we are going Up but I guess this triangle is Bear Pennant :-(
Well a symmetrical triangle is neither bullish not bearish. Overall that point is still a 50/50 on whether it will do a break out. We need to also add Bitcoin's price chart and movement as well as it also has an influence on the market.
The volume does not show any clear signs as well with late rallies and sell offs happening the volume hasn't been steady lately.