STEEM - Long term break of 0.23$ ?

in #steem5 years ago

Hello all,

Here is the chart of my last analysis :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We just broke the resistance line at 0.23$. It is a very good news as we are doing it while the BTC is consolidating/correcting. We cannot ask better from our STEEM. This resistance line was a major one but now the difficulty will be to stay upper than this line and use it as a support. We really need to avoid to go lower than this line in the coming hours in order to be able to validate that break.

I wish you massive profits,
Cryptopassion.io

Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you 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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From a technical prospective, I like the consolidation pattern between 15 & 18, but what worries me is the massive volume around 23 cents, but this break above 25 cents on low volume usually means this should be sold. Buy back during the retracement.

Posted via Steemleo

The token is on quite a run. I think we need to cross .25 and hold that...it is a psychological level for now.

Posted via Steemleo

Steem to the moon

@cryptopassion
If we could cross the .25 thats a huge mental barrier achieved.
Off topic
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I use it to fund my token which returning 20%apr fixed
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