You are viewing a single comment's thread from:
RE: Steem Graph looks like a BULLISH flag! I believe Steem, like Ethereum, will be pushed up into the $100s of dollars this year when SMTs come out, just like Ethereum had ICOs, the SMTs will be like Steem ICOs and push Steem up like Ethereum.
Sir @ackza,
If you look at 4 hour chart, you will see Steem has made a big impulsive move and now it has formed a bullish flag. This is very common pattern in crypto currencies, whenever a coin breaks with big impulsive move, it pull backs and wait for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has dipped to level now, so we have pull back done and next impulsive move is ready. I was waiting for this dip to get in another short trade.
THANK you for the analysis VERY important! Please come make as much of these on my blog as you want and ill get you those sweet sweet upvotes from myself and @trytran