STEEM and SBD price forecast 17.feb.18 - Rich or Poor?
Charting up STEEM and SteemDollar confirms STEEMIT, DTUBE and the other communities on STEEM blockchain to be the place to use in the future.
Here is a chart of STEEM/USD at Bittrex. It looks like we are heading for another dip here, but then it's all bullish after.
Accounting for the nature of the steem chart big picture, the fifth waves extend a lot up towards fib 3.618 area of last corection. As such a target of $25 could be reached for STEEM.
-Remember TIME is NOT projected.
Steemdollar have a little different wave proportionality on the last run.
The finished correction can be labeled as an ABCDE in a FLAG formation. The prior bullrun contains an extended wave 3, and wave 5 barely reaches the tip of wave 3.
This may repeat, and pink wave 3 and 5 could be about equal in targets. However unlikely, if repeated perfectly by fibonacchi retracement wave 5 target can reach $60.
I am bullish on both, and if STEEM get another low now we could get a nice opportunity to trade SBD to POWER UP.
These are just my thoughts, not a trading advice.
If you have another view on this charts your welcome to discuss and post your charts in the comments.
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