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CryptoSwiss
Aug 26, 2017 10:52 AM

STEEM nearing trigger point? Long

STEEM / BitcoinBittrex

Description

STEEM recently bounced on fib786. I will watch if it now manages to break descending channel. I believe the long term trend will be maintained (purple line).
In a shorter timeframe, we have to watch if the short term support (pink line) holds. From there I see it either going straight up (green arrow) or back down to retest trending support before (orange arrow).
Volume is good and project fundamentals are solid.
This is a long term trade.
Entries :
- If short term trend holds (green) ~0.00037
- If not (orange), then ~0.00030

Trade active

Entered buying a small dip at 0.00035001
Comments
fifcandles
Thanks for the clear, and newbie friendly analysis!

Subscribed to you, and looking forward for more updates.
rockmancuso
In as well - thanks for the analysis!
Lynoo
Im with you! predicting 0.001 EOY :)
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