Steem Analysis. It's About Time to Next Impulse (#6)

Steem had been retracing for a few days now. and It's already time to some action in opposite direction.

When a strong impulse wave was rolling up a seed for little disaster was already seeded. In MACD clear divergence with price was detected and you see what had happened. From the moment the correction begun MACD was descending with price, passing the center line and at the end It is really possible that this small advance in MACD means start of next impulse wave? @toofasteddie's opinion is that this is the start of a new uptrend. TFDSRE lines have to condense around the price to build up energy for next momentum upwards. condensation of lines predict breakout.

We need harami candlestick pattern to confirm trend reversal. Fibonacci proportion is right to make this happen.

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Prevoius analyses: #1, #2, #3, #4, #5. It's good to check previous posts to get wider picture of price movement.

Check this new way to analyse charts with TFDSRE: #1, #2, #3.

Image sources: Investing.com,

Data sources: Bitfinex exchange

Disclaimer: If you use my ideas and analyses in your investment ventures, you take all responsibility and consequences about your actions.

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Let steem on, to the bright future!