Hi Everyone;
today we have one of the Interesting coin.. STEEM
My TA showing almost 39 Risk to rewards, but looking to the accumulation phase I expect more than that, let's give it a chance.
1) price at support
2) holding 100 ema very well
3) Fibonacci retrace ( 0.618 holding very well )
4) price holding very well with that we have RSI bullish divergence
Buy : 1800 - 1850
Stop : 7%
Target : 1900 - 2100 - 2300
Steem Great Buying Opportunity - Don't Miss This One
Steem Crypto Forecast - Technical Analysis
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position which will give a huge ROI
In a lower time-frame (4hrs) this long position has also been conformed.
Target profits are mentioned in the chart.
Adjust your Stop Loss according to...
Steem is ranging in the symmetrical triangle.
We can expect downward movement in direction of wave E and then up according to relevant conditions in that time.
Short target is marked on the chart and long either in case we will stay at the edge of the lower triangle line with bounce.
Good luck !
DONT FORGET TO LIKE THIS ANALYSIS
Chart Duration - 4H STEEM/BITCOIN BINANCE
RISK LEVEL: 3/10 (Less means, Less risk)
Key Points
1. Bottomed out at 11820 SAT Key level from where it jumps back heavily. Excellent buying zone (check 18 sept 2018) 11820 strong resistance if broken good sign.
2. Fibonacci on 4H, touched 127.2 FIB, 127 is always a good reversal...
