Market Overview - Steem is finally moving up!

in #trading7 years ago

BTC/USD - We did get a rejection of the resistance area that we're heading into, but it looks like we are building a nice bull flag right now in the hourly chart. Maybe that will help us to get above the resistance area?

BURST/BTC - We did break the ascending trend channel yesterday, we did also see a retest above that trendline and got rejected. Looks like we're heading down to test yesterday's low at 122 Satoshi. In the long run, I think we're going to retest 100 Satoshi before breaking new highs.

STEEM/BTC - The last couple of days we have been building a nice big bull flag, but today we managed to break out of that flag to the upside. Hopefully, we will see a test on the upper trendline because we all want the price of steem to reach the moon!

ETH/BTC - We did manage to breakout of the bull flag we've seen on the charts lately, but it looks like we're losing momentum and I actually think that we will see some downside soon as we actually did break the ascending trendline.

DASH/BTC - I told you in the last Dash post that we're looking for more downside before the up movement. Well, we did break the bear flag that and are now heading down to hopefully test the daily trendline. I think we will see a nice rejection and the price will rise after that.

XMR/BTC - Monero IS going up! Yesterday I did place a trade above the bull flag which was activated at the breakout. I was actually going to post it here on steemit but the breakout happened so fast. We did break a major resistance area and so far that area has been working well as a support. Today I placed a new trade at that support area and I think we will move up for a test on the upper trendline.

Coin Marketplace

STEEM 0.20
TRX 0.15
JST 0.029
BTC 63780.55
ETH 2618.13
USDT 1.00
SBD 2.82