Hello, Today I will analyze the social media platform coin named STEEM. Similarly to most altcoins, STEEM/BTC took an important (but waited and quite due) correction after going from 6k in March to its all time high at 100k in May (16x growth). Today STEEM/BTC trades around 40k which represents 60% in retracement. But with BTC coming back on its feet and with...
The Daily chart is looking nice with the 200sma support right below the price. It had a much needed breather and now looks ready to reverse higher near the .236 fibonacci retracement level. I also made my first post on steemit today :D steemit.com steem.io coinmarketcap.com
As the chart shows, STEEM has a history of doing very big jumps up if gets the right volume. Considering STEEM is about 60% down from its recent high in early June (.000945), and is only at about 10% of its ATH at .00686 from July 2016, I think its not a bad idea to accumulate some STEEM just in case it decides to go for a another ride up.
STEEMBTC, while sitting near a major support zone, has formed a rising channel within the 4H chart. Mayor downtrend from a descending triangle is really strong, and price close to the line. Should a bounce be confirmed from the support zone, new entry opportunities might emerge. BTC uncertainty is playing a major role on this trade. WNZ Get live updates and...
Steem looks like its getting close to a bottom, watching for a reversal in the near future as we head near the 200sma on the daily chart. The longterm outlook on steem is bright since steemit is revolutionizing the way people share content. This could easily move back up to previous resistance near the .236 to .382 fibonacci retracement levels. Accumulation and...
Just broken the bullish rectangle support level, looking to enter around the 0.00042 mark at major support. Hopefully then is able to bounce to previous support level before heading back down to major support line. This would essentially create a double bottom, and will look for price to hit the 0.618 Fib retracement level on the Daily graph. Green boxes indicate...
STEEM is on a clear downtrend, however, support has been tested several times over 0.00036. This triangle can also be seen as a Downtrend triangle, however, BTCUSD plunges have not affected severely the STEEMBTC pair. This might become an option if BTC price hits new lows over the next couple of days.
Not only did Steem hold it's value against Bitcoin like we were hoping for last week (see steemit.com/@bulleth), it also put in a half-decent rally on Saturday and is back inside the falling channel. Struggling with resistance in the 60-67 zone now, a break higher would target 75. Technically, we have the makings of a head and shoulders reversal pattern here...
Steem R1 level has 1. 20 EMA line 2. Previous support level is broken then retested couple of times 3. Also our resistance trend line in red Because how many different factors are in play, I would suggest buy after a breakout. I would expect possible strong pump afterwards So possible scenario from here is test of resistance accumulation above the...
Just having fun tossing as many colors on the chart as physically possible.. I literally have no idea what any of it means... (lol, jk...kinda!) Just having fun and learning a few things as I go... If you have some tips or tricks let me know.. Steem went up today and I think there will be a retracement before it's next big move up. Let me know your prediction...
There is some resistance for steem at 55000 sats ! if we see it push through this it could set a new trend line which could push it up through to 60000 sats ... if not we could see this moving to a crucial point in the next few days... keep your eyes on this one !
The Cryptocurrencies had a spectacular run in the last couple of months. But since mid of June they all moved into a rather nasty correction. Bitcoin went below 2,000 USD already while Ethereum lost more than 65% in six weeks. Yet they are oversold and getting interesting again. I have been buying IOTA over the last couple of days. It´s up 52% today :-) ! As...
I love the Steemit Community and for this reason I believe Steemit and Steem Coin will revolutionize social media content marketing and lifestyle design. I believe Steemit will be competing with the giants in a few years. Fundamental Commentary This new fork in BTC being launched from AUG 1 2017 will cause a lot of volatility so this may help my trading idea...
Today I am using STEEMETH to illustrate a potential long investing opportunity. We have multiple areas of resistance that I believe will be broken in due course. You can find me on Steemit as pipalchemy :) Enjoy the show! Rodrigo Antonio
I think it's likely to see a bottom in all the 'Larimer' coins: $BTS, $EOS, $STEEM...Might be worth checking it out. I'm long $EOS again, participating in today's auction via my trezor. I'm also holding a Peerplays stake. Best of luck, Ivan Labrie.