STEEM - Resistance line should be tested soon - Update
Hello all,
Yesterday, I was showing your that chart :
Here is the current chart :
My objective to go test the resistance line is still valid. however, look where I put the green circle. We have several DOJI, which is most of the time a sign of change of direction or at least some the sign that we have many hesitations with the market. Let's see what will give the next candles but we need a break out soon to be able to test the resistance line or the drop will be back soon.
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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Wow... You content is always very insightful.
Thank you so much for taking time to pu this together
What is this resistance line !!
It's a line that is drawn based on historical prices in this example the red line is the low of the current correction. It can be used to predict a change in the price pathway. Here he is saying that if the price goes down to red resistance it's probable to bounce up.
The yellow line is the upper resistance where price needs to break for the upward trend to happen. If yellow upper resistance is not broken the price could go and retest the lower resistance in red.
Just probabilities.
we also hope for profitable come back of steem price hope soon it will boost it's prices thank you for your chart and piont of you keep updating ..
its been green all day , let hope we break the resistance line and begin an upward movement. things have been quiet trading around $4, hope it goes back to its ATH of $8 or even higher
Please What do mean by resistance line, I need some understanding... Thanks
Thanks for your Informative share !
Thank you for your wishes and am as well wishing all the investors huge profits
Important information your update.thanks For update.
Nice info 10%discount is quite enough
Thanks @cryptopassion for an insightful technical analysis. The market on hitting the resistance line might likely lead to a break out in the direction of price increase.
We have been going trough a hard time for steem isnt it ?
The thing i want to say is this : It is safe for the crypto to fluctuate like that ?
Will it bring more damage or will improve investors ?