Steem is one of the cryptocurrencies which have a very good potential in the near future. It is also another alternate currency that is undermined coins out there in the crypto market arena. Since May it formed a falling wedge which is basically because of Bitcoins effect on the overall market. It seems it ends it corrective elliot wave and is looking for a rally. Both RSI and volume showing a good strength of the coin. It already breaks the trend resistance line and if it can close above the first strong resistance at the 23.6% fib level around 28894 satoshi's we might see a further developed rally up to the 50% fib level in the mid term.
Possible Targets / Fib Levels
Target 1 : 28894 sats
Target 2 : 34953 sats
Target 3 : 39851 sats
Target 4 : 44748 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in
your legal jurisdiction. All information stated here and in our reports don't gurantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Possible Targets / Fib Levels
Target 1 : 28894 sats
Target 2 : 34953 sats
Target 3 : 39851 sats
Target 4 : 44748 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in
your legal jurisdiction. All information stated here and in our reports don't gurantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
