STEEM - New triangle in formation
Hello all,
Here is the chart of yesterday :
Here is the current chart :
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
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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! :)
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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!
To supplement, first resistance would be at around $1.79/1.80 I’d say.