This is my March week 3 chart I think Steem may take another run up if it can ride the hourly uptrend to break out of the 4 hr wedge. I have described on the charts and in the description my entry, targets and stop loss.
Entry - 1172
1st Target - 1212
2nd Target - 1319
3rd Target - 1410
Stop Loss - 1100
**Legend**
Monthly - Grey
Weekly - Yellow
Daily - Red
4 Hour - Green
1 Hour - Light Blue
Entry - 1172
1st Target - 1212
2nd Target - 1319
3rd Target - 1410
Stop Loss - 1100
**Legend**
Monthly - Grey
Weekly - Yellow
Daily - Red
4 Hour - Green
1 Hour - Light Blue
Comment:
Broke down under the 1hr uptrend. Watching closely to see if it tests the bottom of the wedge.
Comment:
Broke out of the bottom of the wedge. Will watch to see if it bounces of the next daily before stopping out.
Comment:
First level touched @1212
Comment:
Broke out over the top of the 4hr down trend (if you continue the wedge down).
Going to keep a close eye on the move as it gets close to the first target.
Going to keep a close eye on the move as it gets close to the first target.
Comment:
Should have sold when first target was hit.
Price dropped soon after when bitcoin dropped price.
Price dropped soon after when bitcoin dropped price.
Trade closed manually:
Sell price - 1172
Profit - 0%
Came out of the trade neutral.
Move needed more time.
Profit - 0%
Came out of the trade neutral.
Move needed more time.