Bad situation in all time frames. I expect a powerful downtrend.
The blue zone (1000-1100) is important and powerful support but I don't think it can stop the downfall (of course it could but not in my opinion). Maybe the yellow trendline break too and STEEM touch the bottom again, who knows?
chart pattern is complete.
50,100 and 200 MA crossed on top.
volume looking for a big move.
Im short. Watch out for that white circle! if we bounce up there we can potentially got up.
Goodluck
EOS is in tight predicament. EMA1 and EMA2 are about to converge or diverge. If they continue to diverge then EOS’s price action will be bullish but it is too hard to tell right now. This does look like a re-accumulation phase as well. As the price converges into the apex of its triangle, there should be an increase in volatility very soon. There is heavy...
XRP is quite different than any of the other cryptocurrencies. The sentiment for XRP is bearish in my opinion. Because XRP has showcased that has decouple a while ago, relying on price movements from Bitcoin and Ethereum will not provide as much meaning as say, the relationship between Ethereum and Bitcoin. That being said, there are some critical tests that XRP...
ETH’s price action is very similar to Bitcoin’s but with a few slight differences. First off, there was the similar pump that led ETH to move to $170 and then a precipitous drop to the $140s range two weeks ago. Then there was a similar belly that was formed which looks like a Wyckoff Re-accumulation as well. However, one of the main differences is that this price...
Very good buying opportunity and can give you some nice profit in mid-term.
In my opinion, it can grow 500-600 percent in long-term (maybe mid-term :) )
Buy a confirmed break above 1050
Targets
1400
1650
1950
2200
Stop loss 1050.
Looks good like this to me. could break upwards and from a ABC move for purple B... but to me this could be the B wave.
going down for purple C soon. lets see how this goes!
