BITTREX:STEEMUSD   STEEM / US Dollar (calculated by TradingView)
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5
First idea. Hope you like it. :)

STEEM is a coin that I've followed since 2017. Most have left it for dead, but assets that are hated, oversold on long time frames, and in a weekly uptrend are always buy candidates for me.

Fundamental value in the crypto space is always questionable, and I can't tell you whether the STEEM project is going to meet their lofty goals. But the coin generated significant interest in the past, and I think it might see a pump or three in this new alt season that is upon us.

Not financial advice. Trade at your own risk. Full disclosure, I am long STEEM on the green line breakout with orange line defining stop loss. I trade mostly on weekly timeframes, and plan to publish updates as the trade progresses.

Comments

This trade was stopped out at $.21 during the BTC dump but held nicely at lower support. Long here with red stop line as the weekly breakout thesis is even stronger after the successful test of support.
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Still looking good after triangle breakout and big correction, same with all alts, Feb 15-17. The triangle rising support held and STEEM is breaking the top of the triangle again. Could be a last buy low opportunity.
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Looking good so far. STEEM is over 200ema on the daily, and making a nice ascending triangle pattern with 23¢ breakout and 36¢ target.
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