STEEM - We broke the symbolic support of 2$

in #steem3 years ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The symbolic support of 2$ is now broken. That support line held the drop during several hours but this was not strong enough to stop it. We are now under the 2$ and to be honnest, the next important support is around 1.26$. Let's don't be negative, a simple bounce could push us back upper of the 2$ but we need that the drop paused soon to be able to do that.

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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Tough times but it will turn around

nothing in the cyrptoverse is going to find a bottom until bitcoin finally finds a bottom

Btc control the market my brother, as long as btc still in down trend we should expect alt coins too to continue the down trend move. I wish the return of the bull is soon.

This right here

Fully agree with you @barne734 . Sadly, we need BTC to recover first

Your nice prediction...

Muy buenos los pronósticos para invertir, ya que lo que se expone es que el steem logre bajar hacia los 1.26 $. Ahora bien para los que decidamos vender, nos preguntamos y para que tiempo volverá a esta entre el rango de los 5$ hasta los 18$ como una vez estuvo? Buen post. Saludos.

honestly the steem was in a boring channel between 2 and 2.64
just like the ETH chart.

now there is opp for newbies to power up on dip lows, current level or even 1.2 or 0.85

I appreciate if you look at my short last post on steem :)

Agree, I also said if we break $2.00, we are heading to $1.00. We need to get above $3.50 to have any meaningful uptrend.

Yes, a $1 Steem price would be a hard thing for many people to stomach. Testing times indeed. :)

Crytocorrency will soon take over the economy of the world that i believe

When I use the chat, I wasn't really that surprised cos same has happened to Bitcoin and it raised again so Steem will rise again

1.26$ is pretty painful, but i can bite the bullet @cryptopassion. i don't mind..

Thanks for the update. I can see we are in for interesting times in the ancient Chinese sense of the word. lol

The problem ist, that Bitcoin (btc) is down. He leads the whole market. Many coins (like steem) are valued in satoshi. So BTC goes down, steem go down :-(

Hey there, welcome to the platform! Cogratulations on your first post. If you want to trade follows maybe we can help grow the platform together. I'll be posting daily d.tube videos on the Crypto market here soon. Looking forward to seeing your future posts,

  • Crypto-Intel

I just posted a blog showing how previous crashes proved to be the worst time to sell. Check it out and #HODL 💪🏼

wow thats good

please like my picture

Good to see you

August 2018 Steem go to the moon

I accept your post because Never invest more than what you can afford to lose. This post is personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in our responsibility. I am responsible for any of your losses.

It had a down trend but it will cope up with massive amount

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nice post and a very good advice though but as we all know business is all about taking risks...
thanks

Everyone's panic selling but we'll be back above this level in no time. I'm expecting a sharp bounce once it happens!