STEEM - Support line saved - At least till nowsteemCreated with Sketch.

in steem •  2 months ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

As I was explaining you yesterday, we were breaking the second support line in green around 0.77$ created by the previous low. We did it exactly as foreseen. The line has been broken during some hours and has been saved just after. We are now testing a new time this line as we are just sitting on it. Let's see if this support will become a nice new support level for the STEEM as the 0.80$ has been broken without any hesistation during the last correction.

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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We're all safe........till now!.....:)...

my gut feeling is telling me steem can still go down a few legs...what is our all time low? like 6000 satoshi if im not mistaken....that is a good time to invest big

Hello cryptopassion!

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nice analysis mate .thanks

I think it's going to hit $0.70. However, last year when it hit $0.70 it rebounded to about $2.40 pretty quickly. I don't think we're going to have that same kind of rebound but I seriously doubt that we will fall much below $0.70. Having said that I do think we're going to drop down to about that $0.70 line again.

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so what about steem price?

And we all hope that Steem will rebound nicely.