STEEM - New consolidation in progress - We are following closely the MMA50
The STEEM is again in a consolidation phase since the nice UP of the last days :
I don't see anything dramatic currently in the consolidation of the STEEM.
In the contrary, we can see that we are following closely the MMA50 but that we are not breaking it. It is a very good sign because the MMA50 is well know to reset a trend after a big Break Out. In other words, after a Break Out UP or DOWN, the fact to break the MMA50 means most of the time that the Break Out is done and that we are returning in a neutral zone.
Here we can see clearly that we are not breaking it but following it. It is a good sign that a Break Out UP could start again at short term.
I wish you massive profits and a happy New Year,
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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