STEEM Crossing Back Above Key Resistance Of 10k Satoshis On Relevant Volume
STEEM seems to be in a vert good shape lately, because the pump spotted yesterday is continuing at an accelerated pace. After crossing upwards above 9k satoshis, STEEM is exchanging hands at just a little over 10k satoshis, at pixel time.
The 4h chart is still bullish indicating that the current trend, despite a small slowing down, may continue.
The last 4 hours candle indicates upwards pressure and the volume is increasing.
Even more interesting, though, is the daily chart of STEEM, where we can see one of the nicest charts in the last 12 months: a three days upwards climb, on significant volume:
Whatever the short term outcome of this movement may be (in other words, no matter if these levels will hold in the medium or long term), it's very clear that somebody is playing the accumulation game.
Steem on!
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I'm afraid it may only be short term accumulation. W/e I see any pairings in /KRW pumping I'm always skeptical ever since the Korean exchanges pumped the shit outta BCH in latter 2017. Let's hope this is legitimate hodler's buying.
To quote the immortal Cleveland Blakemore:
INCLINE!
I just hope this isn't just some pump Steemit Inc is doing in preparation for dumping 40 million Steem and leaving everyone else with their eyes in the sun, or looking like a cat at a calendar.
Hard to tell what the medium and long term will hold. Its just nice to something to break the seeming march to zero...
Maybe a big investor is buying steem massively knowing fully well the potentials that steem has in the future @dragosroua
Steem is really looking firm and I think the next major challenge for steem will be 13500-14000 satoshi and steem is poised to achieve 13500 satoshi from here. At least some relief from the long bear run.
Thank you and Have a great day.
Is it the accumulation we have been doing since 2018 taking affect, because that is all we have been doing "accumulating ".?
When we talk about steemit, there is not good news :/ As steem is based on steemit :/ price must be decreasing as people are talking about another hard fork and steemit inc accounts are powering down and moving steem to exchanges :/
Here is a proposal already drafted by someone.
https://github.com/steemdev/steem/pull/1/commits/807d5e0e0aef8c6f940bd003fd8e7404d738138a
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Really weird it started when @steemit started powering down...
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Lets hope it’s the beginning of a nice year!
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