STEEM - Support line at 3.65$ broken - Bounce in Progress

in steem •  5 months ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

As you can see, the break of the support line at 3.65$ has been validated and it creates immediatly a big red candle. We have now a pause in the drop and the BTC is helping us to do a little bounce.

My first objective for that bounce is to go back test the line that we just broke at 3.65$. If we can go higher than this line, it could be interpret as a very nice bull indicator. Let's see what will happen in the coming hours, the momentum is very interesting for the future trend which will take place.

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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what about steem dollars?

Please, cryptopassion brother give vote on my comment

Great post, thanks... support becomes resistance.

Let´s hope that it gets very, very, very bullish. Would be great!

Good analysis. Thanks for sharing. I think Steem is going to rally when Bitcoin does. I expect all time highs within the next few months.

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