Breakout on STEEM?
Today I will share a possible breakout in STEEM and will show you 2 different charts from 2 different exchanges which all read the same signal. So lets get started and take a look at the first chart.
The first chart is one of STEEM/USD on Bittrex. This chart shows that we had an impulse move up, then a corrective pattern and we are waiting for a break to the upside. Now more times than not a pattern like this will resolve itself to the upside so we are looking for a break to the upside and possibly to the high of the previous mark. Or we will see the trendline come into play and knock it back. Personally I think we will break through that yellow trendline on top and either test the high of the previous move or make a new high.
Now this chart is STEEM/USD on POLONIEX. As you can see in this chart, we have broken through the upper trend and it looks like it should continue this trend. So while you should enter this trade you might want to exit after it hits your price target because STEEM has been pulling back after quick impulse moves.
I hope it moons!
I don't see that happening just yet but might as well play every possible breakout until we see the big one. I heard some estimates saying STEEM should hit $40 by the end of the year which would be amazing progress but I just want to see it hit a level and hold that price point. Until then all we can do it wait.
The PRICE Of #STEEM has been RISING All Day,
on Rising Volume too! 👍❤️💲🚀😀
What Will HAPPEN NEXT???