Steem --> retracment and bounce on daily chart
Since previous support has been broken like described on chart below I am providing analysis on a smaller time frame (based on previous triangle).
If current high point stays the same for the day...we could see a bit of a pull-back down to 50.00 Fib (0.00039759) level where historical analysis shows possible support for another bounce. I have marked down also Potential FIB levels if bounce happens.
Once we get through the 2.historical resistance we could see a touch @ 200% fib. level (0.00080103) which is at the same time 3. historical resistance before the top of previous triangle is reached. That would bring us to 100% gain if bounce happens.
be aware also of BTC movements since it looks like interesting times are coming.
Link to previous analysis
as always
let me know what you think also with comments if possible.
brg
Animus the great
If current high point stays the same for the day...we could see a bit of a pull-back down to 50.00 Fib (0.00039759) level where historical analysis shows possible support for another bounce. I have marked down also Potential FIB levels if bounce happens.
Once we get through the 2.historical resistance we could see a touch @ 200% fib. level (0.00080103) which is at the same time 3. historical resistance before the top of previous triangle is reached. That would bring us to 100% gain if bounce happens.
be aware also of BTC movements since it looks like interesting times are coming.
Link to previous analysis
as always
let me know what you think also with comments if possible.
brg
Animus the great
Comment:
Correction incoming
Trade closed: stop reached:
BTC movment new chart required