STEEM - The support line played its role

in #steem6 years ago (edited)

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

Yesterday I was explaining you that the little support line that I traced in red was holding the drop on the STEEM. It even created a nice bounce that we saw today. The problem that I have is that due to this bounce we are now in the middle of the 2 lines (support line in red and resistance in orange). This is always difficult to predict the direction that we will take and I'm really afraid that this bounce is just a pause and that we wll go try to break the resistance line in red very soon. Stay carefull, it is just a bounce of 0.10$ while we lost several dollars the last weeks.

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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This is always difficult to predict the direction that we will take and I'm really afraid that this bounce is just a pause and that we will go try to break the resistance line in red very soon. Stay carefull, it is just a bounce of 0.10$ while we lost several dollars the last weeks.

I think it is gonna not gonna break but if it ever breaks possible we could be looking at $0.1 per steem.
Whoop that will be the biggest bottom ever

All time low is coming

@cryptopassion can we go long from current levels with recent low as stooloss

Posted using Partiko Android

The market is constantly changing but I am very confident that it will rise only low to gain momentum.

Do you think the announcement of SMTs helped!

Posted using Partiko iOS

I’m itching to pull the trigger in some more STEEM. At this point I’m trying to buy and sell SBD on the swings.

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