Possible CUP & HANDLE CHART FORMATION IN STEEMsteemCreated with Sketch.

in #steemit7 years ago (edited)

🐒 1 hr Steem chart Possible CUP & HANDLE CHART FORMATION IN STEEM with a target price of around 0.00061801 .The Steem price needs to close above the breakout line to confirm the formation . Even if the chart pattern is confirmed there is no guarantee it will reach the target price.


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I am only sharing what I see as a cup & handle chart pattern forming in Steem it may or may not complete. The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup. The price target may or may not be reached .

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It's definitely a promising formation on the chart. I wouldn't mind if it took some time before moving back up so I can buy more STEEM but regardless of when it happens it is a win in my book.

Hopefully BITCOIN will spill over here man, I think it will. Maybe that is an indication you have there?

I see more inverted head and shoulders:

I hope you do not mind a slight modification of your picture!

Steem will boom soon!

well price of steem coin is now 1.50 ... im sure it will cross 10$ in first quarter of 2018

looking forward to that

Possible.... but it's a big darned handle to hold that size of ☕️! ;)

Good to hear from you @xaerol a big handle may mean big $$$ 💰

The STEEM will grow, like all blockchains :)

Looks very promising!

Soon... Very soon ...

I read your whole post i really liked it i appreciate your hard work keep it up

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