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Long

Steem Breaking Out From Falling Wedge

BITTREX:STEEMBTC   STEEM / Bitcoin
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.
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Comments

Did opposite og what you predicted... hope you and your fellows are not broke! should name it to togetherwebroke
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@scriptsez, I really appreciate your shared idea but couldn't get your logic to say it sir. Besides if you did take it as if we triggered a buy signal we didn't. We give a notice on the scenario's to buy in which by noting that buy confirmation is only if the candle closed. And as you know the field as a whole, crypto is always crazy like this and has been since its gensis too. With Regards. And We thank you for sharing your thought sir. Stay connected. #TeamTWA
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