Dairy chart of Steem: Insights on the market | Grafico diario de STEEM: Puntos de vista sobre el mercado
Dear Steemians,
The price of STEEM (technical analysis of daily chart) remains in a bullish channel since Dec 17, 2018. It had formed a double top (resistance) at USD 0.566 when it tried to cross the 200-day simple average.
In bullish case, it is necessary to break the SMA200 with a larger volume as well as the resistance of the double top at 0.566; then it could reach the Fibonacci extension at 0.686. Gray circles indicate the support or resistance levels in the past.
Queridos Steemianos,
El precio del STEEM (análisis técnico del gráfico diario) permanece en un canal alcista desde Dec 15, 2018. Ha formado un doble techo (resistencia) en 0.566 USD cuando intentó cruzar la media simple de 200 días.
En el caso alcista, es necesario romper la SMA200 con un volumen mayor y la resistencia del doble techo en 0.566, entonces podría buscar la extensión de Fibonacci en 0.686. Los círculos grises indican los soportes o resistencias en el pasado.
Figure created in Tradingview.
In bearish case:
- The STEEM performance in the market is lower than that of the BTC.
- A bearish divergence has been formed in the MACD indicator.
- The volume is decreasing.
- The Fibonacci retracement indicates the probability of reaching supports at 0.3506 (61.8%) and 0.291 (78.6%).
En el caso bajista:
1. El desempeño del STEEM en el mercado es más bajo que el del BTC.
2. Se ha formado una divergencia en el indicador MACD bajista.
3. El retroceso de Fibonacci señala probabilidad de tocar los soportes 0.3506 (61.8%) y 0.291 (78.6%).
4. El volumen esta disminuyendo.
Figure created in Tradingview.
Legal Disclaimer: The information presented in this post is exclusively informative (it is an opinion) and not financial advice. If after reading this post you invest it is completely under your responsibility, so I am not responsible for your losses. By reading this post, you recognize and accept it.
Descargo de responsabilidad legal: La información presentada en este post es exclusivamente informativo (es una opinión) y no un asesoramiento financiero. Si después de leer este post realizas una inversión es completamente bajo tu responsabilidad, por lo que no me hago responsable de sus pérdidas. Al leer este post lo reconoces y lo aceptas.
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