STEEM - New triangle in formation

in steem •  4 months ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Since the last Break Out, the STEEM is moving inside a triangle pattern. The APEX (intersection of the 2 lines) is imminent. So I'm expecting a new Break Out very soon on the STEEM. Let's hope that it will be a UP break out because on this kind of triangle, no one can be sure at 100% of the direction that it will take.

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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Past performance is not a predictor of future performance but we can hope for an uptick. It’s time for the bulls to run! :)

Fingers crossed. It will go up.

That would be very nice if steem could gain some more, thanks mike

Steem has formed a bull flag and this kind of pattern often leads next leg up and hence I think steem is poised to test 31k to 33k satoshi or in USD somewhere around 2.2 to 2.4 usd per steem. Let's see how it unfolds.

Thank you and have a great day.

steem is still very dependent on bitcoin, so the path it will take will not be so different

Triangle formation attack? Sure.

The recent rise in late Jun/ early Jul was supported by huge trading volume. Gonna be a very healthy sign if it is a a UP break!

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To supplement, first resistance would be at around $1.79/1.80 I’d say.