Steemit Gaining Massive Support On Poloniex! Could A New Run Be Coming Soon?
Steem Rapidly gaining support on Poloniex, and it looks like another price run may be coming in the near future.
If we take a look at the charts we can see that there is a very strong bullish setup, which doesn't appear to be fading. There is serious support around the 48 thousand satoshi level, which is a few percent below the daily high! With the massive amounts of transactions that Steemit has been seeing and has proven capable of handling this comes as no surprise to me, but it is great to see this level of support. The setup of the order book is very bullish, with support exceeding 60 BTC at the 47,900 satoshi mark.
There is little that could make me happier than if Steem continued to climb and gain support overnight, and I sure hope it does! The interest in the Steemit platform and Steem the currency are both at exceptional levels, and I really think that support levels like this will do nothing but bring additional attention and interest to the Steemit platform!
Thanks for reading!
looking very bullish indeed
Nice spotting, looks like Steem is off to the races as I'm typing this
as soon as i saw on a price checking app i use on my phone that there were 4 orders over 10 bitcoins within 1000 satoshi of one another, i knew it had some serious potential for gains. Its already at the 53000 satoshi level which is up over 10%. I have a feeling it could be a big run.