STEEM: sustained by the 61.8 Fibonacci Retracement support?
We are experiencing a critical point for STEEM.
Despite STEEM has managed to contain the drop by reducing the pace on which it happens, STEEM has arrived again to the 61.8% of the Fibonacci's retracement level since the last bull run.
This is an important psychological important moment. The breakage of this line may bring STEEM to find a more solid support at a lower level. The lower level, 78.6% of the Fibo. Retracement will mean a price around 2 USD.
The 61.8% FIBO LEVEL is typically the trading level on which a crypto, asset, action or the like used to start another bull cycle.
Nevertheless, a sideway movement is also an alternative.
Hope STEEM doesnot break down that level!
The MARKET is putting under STRESS TEST again the whole cryptosphere and only the best projects will remain. For sure, STEEM has a brilliant future, NO DOUBT for me!
Steem on!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
all coins are in the same point or very similar with few exceptions, let's hope the whole market turns up! keep on the info !
Seems like it pierced through it... What is around 2 usd, slightly below or slightly above? (Ready to buy in)
I would ladder the buying orders between 2 and 1.7 USD
What a roller coaster! 😩
I'm looking forward to see what happens next. I'm a little nervous but with a lot of faith.