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RE: Trading Signal: Buy STEEM @ $1.5 - target: $2.5 short term; $3.6 mid to longterm

in #steem6 years ago (edited)

Also, I just thought I would add that glancing at your chart pattern, it looks to me like a nice Bull Flag/Pennant/Descending Wedge, which is generally a decent Buy Signal. As it narrows down to the bottom right point, pressure is building for (odds are) a nice upside breakout, as long as there's no real sudden drop in bitcoin (the gateway crypto for most still) ... Should be interesting...

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If I want to look idealistic, it could complete the very ending narrow neck, but it did't yet

Yeah, it looks to me that it would need to keep this trend for about the next week, which would most likely hit all your price points, as I see it. It is looking a bit heavy now. So much seems dependent on bitcoin movement though. BTW, I'm Inspirar over on Tradingview, but haven't been very active there lately, given the heavy downturn ad difficulty reading the movements.

I noticed steem has lost a lot of steem the last several days, falling out of the top 20, and seems to be heading down to the point in your graph getting very close to where odds still are that it will pop upwards. So I wanted to pop back over here just to say so far great call :)

You have a good memory :) I hope it gains soon, on the long run, fundamentally healthy coins will stay in the top twenty or ten... I consider Steem a fundamentally right place for investment

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