STEEM - Rejection confirmed - Drop is back

in steem •  last month 

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

So yesterday, we have been rejected from the pink mobile line (MMA50). It was already a bad sign for the short trend and it is confirmed today by the drop which is back. We should try to go test the previous low around 0.175$. Let's see if it will hold us or not.

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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Le volume a bien repris sur les dernières heures et le cours a bien augmenté !
J'ai regardé un peu les carnets d'ordres et la bonne nouvelle et qu'il ne faudrait pas beaucoup d'investisseurs "deep pockets" pour faire grimper le cours.
Peut-être est-on dans une phase d'accumulation à ces niveaux.
Wait & see.

Désolé de ne pas avoir répondu hier, pour moi quelqu’un a acheté un peu les bas mais on est loin de renverser la tendance.

Thank you for sharing, Nice post
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It's quite sad steem went this low. I'm certain no one saw this coming.

Quiet sad but it is life of investors, some market must decrease to allow other to increase.

It was always on the cards. The creation of new tokens exacerbate it.

Posted using Partiko Android

For sure the inflation doesn't help

That is correct!

STEEM seems to have found a bit of support down here.

Always interesting to see an alt tipping on a red Bitcoin day.

Posted using Partiko iOS

Sorry my friend but it was not the case

😂 I posted that reply right at the top of the spike. Typical.

Posted using Partiko iOS