There is a possible W bottom forming on the STEEM daily chart. Price is retesting the previous breakout low, and looks like it will close without tagging the lower band. This could be an early sign of a trend reversal. Should be clear within a couple more days. Good luck and happy trading!
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 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 !
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.
Looking like a great long trade here for STEEM/BTC. Coming into a corrective elliot wave phase. This is supported by a potential Bollinger bounce. We can also see it's just hit that trend line nicely and RSI shows it could be slightly oversold. I've placed a sell order at .0007 and a stop loss at .000565 Just started out with TA so any feedback or advice you...
This chart looks really good to me, hopefully we can catch an entry at 0.00064125, if we do, we could see potential jump and solid exit points. Ichimoku cloud acts as a strong support, and also this line was tested previously and had a strong buy support and a quick rejection whenever it was passed. Stop loss has been set just in case, because I think trend wont...
Fundamentals: Good dev team, been around long, growing user base, lots of real world applications for the currencies, therefore lots of liquidity and good distribution Uncertainties: Not sure about the inflation model of the steemit platform, and how this affects the value of SBD. Also, Bitcoin rising in the near future could certainly hurt the SBDBTC pair
steem seems good entre at 0.00069616 first target : 0.00078 second target : 0.00085 third target : 0.0009