STEEM - We are testing the support line at 0.39$...

in #steem5 years ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

While the BTC is trying to make new highs since several months the steem is again trying to break down a major support line... We are currently testing the support line at 0.39$ and I really hope we won't break it because if it is the case, we have a risk to go test quickly the support line around 0.34$. Days after days we are losing satoshi value, just staying stable in dollars. I don't even know anymore what to think about the STEEM. On a trading perspective, it is not a good pattern for sure. Let's hope the trading analysis will be wrong and that the STEEM will have a nice and profitable future.

I wish you massive profits,
Cryptopassion.io

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Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you 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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Yeah man that's hurt to see STEEM does not follow the BTC. Could easily be around the 1$ now...I really hope it will rise very soon because from a trading perspective it is not good to hold it right now.

As I was saying, the pattern is really not good for the STEEM. Now,sometimes we have surprise and a parttern fails but when I see again today how it is moving, the pattern is confirming for me. If we break 0.39 => 0.34

Yeah man such a pitty. I don't get why it is dumping that much seriously.

Another 800000 STEEM more only this week deposited at exchanges...50% of that done by steemit itself

Interesting data. Can you please clarify where you see this kind of number and how you are able to link it to STEEMIT.Inc

steemworld, check steemit and gsr-io accounts, that's all but also @penguinpablo has a weekly report about...

I checked a little bit these info yeah but 400.000 steem, I don't see that number but anyway we all know indeed that they are selling a lot each month to cover their fees and the style life of their boss ;)

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