-This coin is back at previous Swing Low located at 1700 sat range
-This area of support was previously a resistance zone
-Today, can STEEM confirm this area as still a valid Key support?
-Well, there is a chance if STEEM can pass 1900 sat and up
-But if the market becomes unstable in the next few days
-This support might not hold and send the price...
Let's keep it simple for Steem (STEEMBTC) shall we?
Here we have an ascending trendline on the bottom where I marked mutiple higher lows... It is also clear that we are having higher highs so STEMMBTC is on an uptrend now.
After the low trendline was hit, a strong high volume bounce took place and prices are now trading above resistance.
Just like I mentioned...
So, basically you can see breakout of STEEMBTC from long time triangle in higher than average volume, which usually leads to further price inrease.
I see first target as 3000 satoshis.
Additionally, MACD flipped with nice stick.
Stop loss 2320, good luck !
Steem (STEEMBTC) secured its uptrend, meaning, we have clear signals that prices will continue to go up.
First, we have that huge green candle on the 19-March.
Prices then entered a strong correction, which is 100% normal...
And as soon as EMA100 was tested as support, we ended up with a higher low, the uptrend is now secured.
Yesterday's candle also...
STEEM has broken the daily resistance level at 2381 by wicking above the daily resistance.
If new candle opens above daily level, then we may see some move upward till monthly resistance. It is the 3rd time the monthly resistance is going to be tested.
The more times a level is tested, it becomes weaker.
We may see the monthly gets broken due to
Gaming is one of the biggest upcoming industries with it schedule to be listed as a sport in the Olympics as more teenagers are playing ESports than actual sports
Same way we buy clothes in the real world,people purchase skins in this virtual world \
These payments need a payment service thus coins such as STEEM have strong upward potential
Good day. Consider a pair of STEEM \ BTC, which on many large exchanges can give a good profit
Everything is connected here with the volume, but more on that later ....
On the chart I have designated
-yellow flag: the large volume and shadow of the candle shows us the potential for the continuation of the bull trend
- goal levels
- a triangle with a...
BINANCE:STEEMBTC has been slow bleeding for quite a while after some really crazy pumps, now fallen to the MA200, but still managing to retake it and consolidate above it. We think the consolidation in this support is quite important and a tell tale sign of an imminent last hurrah pump.
Target 1: 0.00002387
Target 2: 0.00002536