STEEM - Resistance line at 3.05$ broken

in steem •  2 years ago  (edited)

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

We finally broke the resistance line at 3.05$. As you can see, most of the time, when we break a support or resistance line, we have an increase of volume to confirm the move.

Here we broke the resistance line. Immediatly after, we had a drop who used the same line as support line and it helped the UP to continue. We have a little resistance at 3.12$ but at the time of this article, it has been broken already. So the next major resistance line to try to break will be around 3.60$ (line in red). Let's see how many time we will take to reach that level.

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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Good work @cryptopassion your predictions are very accurate...

Onwards and upwards. It’s ahaping up to be a really interesting summer, price moves up, launches of new chains (EOS etc). Should be great.

Your predictions are almost correct. Keep it up.

Thank you for the info. I like your analysis techniques.

Time to post 5x a day then. Haha. This would be great! Specially on us small authors.

very good post, I really like your post

I can't really see the difference between the two charts. Anyways, I also see Steem to continue its bullish run.

good data, thanks for sharing ...

Hi @cryptopassion . Thanks for the update on the prices of steem and btc you have been delivering for a good period of time.
I am learning from it.

Regards, @gold84

Very helpful analysis. Thanks

Bitcoin is go to the best curency in the world you re the best analyst. And good predictable

Hey, just wanted to let you know I gave you an upvote because I appreciate your content! =D See you around

  ·  2 years ago (edited)

@greentomorrow did not give you an upvote and has made this exact same comment hundreds of times.

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It’s time to get back upto $8-9 mark again like before

  ·  2 years ago Reveal Comment

awesome indepth analysis, Thank you

So after the 3.60$ resistance is broken, the bullish rally will be confirmed?

Great news. Thanks for sharing.

Nice

Thank you for sharing the information. Really appreciate it.

Excellent news, every time I open my wallet it is worth more and more. Loads of the alts are on the rise too. Double digit rises for a couple of days on monero and dodge makes me a happy camper. My mining rig is getting easier and easier to justify. Thanks for the update.

you only really break the trend or resistance lines if you close above it and your next candel trades above it. I cant really see that from your chart, upvoted regardless as your post seems to be one of the few that is orignal ;) good luck