STEEM - Resitance line tested but we failed to stay upper

Hello all,

Here is the chart of yesterday :

Here is the current chart :

As predicted yesterday, we have tested the resistance line in red. Look that big candle, we reached quickly the 2.20$ but we were not able to stay upper of that line and so the drop came back.

We are now sit on the MMA50. Why this MMA is important? Because a break of the MMA50 means that the current trend (short term) is broken. If we stay upper, we are still in the trend created by the Break Out of the triangle so an UP trend. So we could go test again very quickly the resistance line in red. If the MMA50 is broken during the next hours, the target will be the support line at 1.50$.

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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