Will the Steem pump at 0.00010000 BTC today? and who are the pumpers?

in #steem6 years ago (edited)

View this answer on Musing.io

The chances are very high now. In the daily chart a bull candle has formed and the follow through candle can further tell the story about steem in next 2 to 3 days.

If you see the chart in steem now and draw the moving averages 55, 100 and 200 exponential moving averages, the first resistance is at 55 exponential moving average which is now at 0.00008925 (shown in the yellow line in this chart).



The next resistance comes in at 0.00010767 (shown in blue line in the chart) which coincides with 100 exponential moving average. Thereafter the next big resistance is at 0.00014913 (shown in red line in the chart) which is the 200 exponential moving average.

It very highly likely that if the daily chart attempts to make a decent bounce here then the target will be 0.00014913 as that is the level of 200 exponential moving average. The next resistance from here is 0.00010767, so it is highly like to hit the target in next 2 to 3 days. It can also hit the target today. In market anything can happen and even faster than our expectation. 

With that being said, it is better to put the sell order with t/p and stay relaxed with above analysis, so that you may not miss the opportunity to sell it at a higher rate.


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