STEEM - Double Top Invalidated - Nice :D

in steem •  13 days ago  (edited)

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

I was talking to you yesterday about the double tops. This danger has now been invalidated as we broke the previous high and we even broke some minutes ago the resistance line at 0.43$. We are now just upper of that resistance line at 0.43$ but I expect a little consolidation on that level. The perfect scenario would be that we use that line which is now a support line to consolidate before having a new bounce from it. Let's see what the market has in mind ;-)

I wish you massive profits,
Cryptopassion.io

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  ·  10 days ago (edited)

still feel like the "perfect scenario" looking at the charts today?

Steem looks like it's about to break out here

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Yeah, the reversal break back the support line but let's see if we can go back upper in the coming hours

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I think a solid 30% rise is coming

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I'm not against haha even today is very quiet compared to BTC

There is no other explanation to this price movement, this shows strength of the token, its stability and usability/tradability.

Posted using Partiko iOS

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The only explanation is that someone is buying it is all. The reason, it is always hard to determine as we are not in the mind of the buyers but yeah STEEM has some qualities but also some weakness.