STEEM - Support line Broken during some hours

in #steem6 years ago (edited)

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The support line at 2.85$ has been broken but we quickly came back higher than this line. So till now, we cannot consider this support line as really broken but it is a dangerous momentum. The STEEM is again impacted by the BTC drop and we have to see how the king of the crypto will move in the coming hours. Anyway, the STEEM is really reacting well these last days. Let's hope that the new drop on the BTC won't damage too much the good trend that we were starting to have on the STEEM. This support line must hold !

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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Thanks for the analysis. Hopefully, Steem will continue to hold is own and even rise higher!

what will be the next support line?

thank you for your opinion, for me the new in steemit still in the process of understanding and reading about all the advantages and disadvantages, to want to invest

i smeagol with my bitcoin now, i never want to part :)

Thanks for the update! The market looks terrible compared to all the good news popping up everywhere...

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