STEEM - Pull back from Resistance Line - Bounce from Support line

in steem •  5 months ago

Hello all,

Here is the chart of yesterday :


Here is the current chart :


The Steem really doesn't know which direction to take. Yesterday it tested the resistance line (higher red line) and it created an immediate pull back. This pull back went to test the support line (lower red line) which created an immediate bounce.

As you can see, it becomes very hard to trade between all these lines except if you are doing scalping trades, I mean the trade of very little moves. For my part, I will wait that the market takes a direction and I will follow the trend when it will be done.

I wish you massive profits,

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.


You would like exchange your cryptos with the lowest fee possible ?
With my daily exchanges of cryptos, I can recommend you the platform Binance


Are you looking for a user friendly way to exchange your cryptos in £, $, € ?
Do you want them spendable directly via a dedicate Visa card ?
You prefer a quick transfer on your bank account ?
I can recommend you the platform Wirex




Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Go, Steem, go!

I'm just looking to establish a position in the Steemit community, and would appreciate to find some people like me, so we can mutually support one another. subscribe @coinlocket

Thanks you for sharing this useful post,it helps alot

Steem to the Moon!...:)...

For the most part, Crypto has been in a "wait and see" mode for a few weeks now

Please am very sorry to ask, i want to ask if i may see an upvote from you please,am new member in steemit,please welcome with upvote, i know you can do it for me and i will be happy if you can do it for me @crytopassion

I'm just looking to establish a position in the Steemit community, and would appreciate to find some people like me, so we can mutually support one another. subscribe @coinlocket

thanks for share this

Congratulations @cryptopassion! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.

To support your work, I also upvoted your post!
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

The entire market is waiting on an answer from the SEC reguarding ethereum. Once there's clarity there, I think the market is going to enter a massive bullrun.

Thank you! ;-)

Upvote and follow!***** Lovely Weekend :)

Thank you for your good post! Great to have people in this community who cares about cryptocurrency and provides useful information! By the way, I post cryptocurrency and forex market analysis posts daily, you more than welcome to check my page @syeedhossain24

Good analysis. Thanks for sharing.

You just received a Tier 0 upvote! Looking for bigger rewards? Click here and learn how to get them or visit us on Discord

Steem has been bouncing and making lower lows. I traded it recently from $4 to $4.24. Good time to buy at the resistance level of $3.4.