Steem one of few cryptos that already has solid product
Well established community of contributors with steady growth.
Bottomed out for more than 190 days without a much of a budge
Current established support on the right side of the chart was tested on few occasions and for sure mirror a previous resistance level on the right side of the chart.
Next...
Steem will jump up after the 10ksat resistance.
It is highly probable that we will see a trend reversal.
It's a good moment to enter Steem, the price was at over 4usd a few months ago, the risk reward relation is perfect.
best wishes
STEEMBTC is flat for the last couple of weeks, almost no signs of any positive movements :(
and the resistance for the possible up-spikes of the price came down closer:
the Ichimoku Base Line (Kijun Sen, the red line) is around 0.00019550
STEEM looks like it could bounce off the upward trend line and continue the pattern from the previous pumps. The amount of gains from each pump has decreased each time, so based on a rough guess I'm expecting around 75% or 111k sat at the peak. DMI just crossed over and MACD is about to turn bullish on the 1D charts.
Steem refusing to return to the previous channel indicating strong support
Oversold on the Stoch RSI in generally strong upward trend
Candle structure suggesting starting to gather momentum for continuation
First target around .00057 for this week
For long-term targets review our other idea
Trade to your taste
STEEM/BTC is looking good for a long position based on daily and hourly pennant.
Will head to 100k based on previous move and could move further up depending on where the breakout occurs.
I am long on this at about 81k. I think there is a good 20% to be made here.
Stay focused and trade to trade well.
