STEEM - Support line is holding the drop
Yesterday, I was showing you that long time support line in yellow :
Here is the current chart :
So as expected our support line in yellow holded the drop and helped us to make a bounce. However the bounce stopped at the resistance line in Blue and we are now dropping again in direction of the support line.
I really think that the BTC will give us the direction that the STEEM will take. If we break the support line on the BTC, I think we will break it here also... It is sad to be influenced s much by the Bitcoin, but we cannot ignore it if we want make good analysis on alt coins.
I wish you massive profits,
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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