STEEM - Still testing the low
Hello all,
Here is the chart of my last post before STEEM crash :
Here is the current chart :
Today, we continued to test the support line around 0.154$ anf it starts to look good for buyers because sellers canot break this low. The market is becoming more and more nervous and we should have a major move in one of the direction soon.
If the BTC is not massively correcting, we could have a nice surprise on the STEEM because sellers start to have difficulties to continue their drop. In case of a correction on the BTC, we could break that support line but it will be the case of most altcoins.
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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A coin either has to have real utility value or perceived value to hold its price. If it has neither it will drop in price until either real utility or perception changes.
Most of the top coins have no utility at all my friend. We are in a speculative market
Its an attractive entry i would say. Might see relief in the alts if and when btc dominance starts coming down
Lol. Let's keep looking at STEEM.
Thanks for the post
Funny enough. By this time last year, it was well above $1. What happened? 😌😌😌
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I even saw it over 7$... what happened, lol, would be too long to explain
Lol. Wow, $7?😍. If it could go back to half that price, many millionaires will emerge 😂.
I think people sold STEEM too much. And are still selling.