STEEM - Will we break the resistance line

in steem •  9 months ago

Hello all,

We are still in the middle of 2 lines and it looks like that the market has decided to go test the resistance line :

STEEMUSD.jpg

The break out that I was talking to you yesterday is still needed to break one of these lines. Let's see if this little up is just a move without any trend or if a break out will happen soon to break that resistance line in red.

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.

BARRE STEEMIT.jpg

Interested to trade your cryptos like a Pro ?
As a trader, I recommend you the trading platform Bitfinex
10% discount on your trading fees for 1 month via this link !

BARRE STEEMIT.jpg

You prefer simply exchange your crypto with the lowest fee possible ?
With my daily exchanges of cryptos, I can recommend you the platform Binance

BARRE STEEMIT.jpg

CryptoPassion-Bannière.jpg

BARRE STEEMIT.jpg

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

good news

Steem is all set to rise soon.

a very good post I like that

Time for an upward trend now . It’s been a couple of days since it’s been falling and SBd and Steem are very close to one another

·

Steem isn't the only coin to have a rough week though.

I'm seeing this pattern at a lot of coins at the moment. Also explains why reds days turn into a green one within minutes. Meaning that resistance and support is tested at the same day.
I do believe that it will break the resistance this week!

This will be a good news, @cryptopassion thanks for this beautiful update.

I definitely think steam is on the way up. more and more people are seeing steemit for what potential it has. so I wouldn't be surprised if there is a rapid increase soon.

We have to wait and watch..

It's about time to break this resistance line

·

Beklemede kalalim

I can not see myself in the next 20 years not using CryptoCurrency in some shape or form. Crypto is life!

It will break red line and completes abc flat correction, then will turn downwards. However it should be short term plunge

not a passion anymore... its life now

Heres to going upward all1

We hope for a breakout for all crypto, but especially STEEM as we have all invested into the technology/use of it. The crypto market cap being stuck between 400-500B has been quite annoying, but for the early adopters it's probably nothing as they have been used to 3+ years of hardly any activity in the markets.

Steem is an inflationary cryptocurrency! besides the occasional pumps, it will continue to trend downward without speculation driving it up.

Wouldn't be surprised to see the market react positively and the valuation see a sustainable boost IF the current stake held by Steemit Inc was reduced. Some users have suggested that they burn some of their Steem Power holdings. At the time that the 2017 Roadmap was published over a year ago, their position amounted to about 41% of the total supply. As long as this persists, I think it will setback further adoption and any meaningful/prolonged gains in the steem price.