STEEM - Support line at 1.50$ looks strong

in steem •  6 months ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

As expected, the support line that I traced you at 1.50$ looks strong and held the drop. It is a short term good news because the next serious support after this line is around 1$... Let's see if we can go test the resistance line in red with the bounce of the Bitcoin which should arrive soon. We could also break shortly that support line and go back higher than this line just some hours after.

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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Low and dissapointing market...

·

Yaah . You Right . Too Risk invest

we can say that yesterday the falling steem will continue today and the decline in yesterday was a bit more than in other days hopefully we will be happy in the coming days

How long will sbd keep dropping for? We need a miracle!!!! Or investors with billions to invest

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SBD is going to 1 USD probably.

Looking to add more if weekend brings fake breakdowns due to thin volumes. The market will surely follow Bitcoin though (unfortunately).

Everyone Seems to have a bear outlook today

SBD going down.... But will soon go up!

After nice Elliott pattern 1-5 and ABC correction, we can see little wawe up, small correction and still power to go into 2nd wave with potencial 20% bust.

could you please provide any strategy or best indicator for intraday trading :)

·

Step 1. Buy a wig.

Step 2. Wear the wig when all your hair falls out from trying to day trade.

I hope the price of SBD in the future market may be more profitable, for friends.

Thanks for this post crypytopassion. Following for more STEEM analysis.

Cheers

What worries me is the low 24hour volume for Steemit. Only 500k 24hr volume on Binance!

these weak hands can give me their coins for a cheap price :) lets just wait a few months and we see our return coming :)

Why does it seem like most coins are all down 70-90%? Lots of learning curves here for many of us. And the anticipation (for those still engaged) is surely in looking for bullish breakout. Notice how BNB and ONT have been having some action? Looking for more volume and the next upward trend. Till then I will keep capturing (Body boarders at Sandy Beach Park, Oahu) and riding the waves. Cheers to all and especially to those steemits!
2waves.jpg
@fieldsofgold