In Daily TF , Steem Is On Support Area & Looking Good For ShortTerm Entry..
All Technicals Are Bullish,,So Grab Some At Here..
Buying Range 7800-8100 Sats
Sell Targets 92-100-120 Sats
Stop Loss Below Support
Steem is an open source blockchain protocol capable of storing social information and distributing tokens based on a...
- Trade is only active after a break back above yellow reclaiming resistance as support
- Green is daily OB which should act as support now, ignore wicks below if closes below on the daily trade does not activate at all.
We are back with a small update on STEEM. Last Sunday we made a call that STEEM topped against Bitcoin and that it needed to decline again. You can read it here.
So far, this call worked out perfectly but we see something that calls our attention:
- The pullback happened in three clear waves.
- Wave C equals wave A in price at the...
We are back with another elliot wave count. This time we are looking at STEEM/BTC. Steem outperformed BTC as it nearly doubled since February. A move like that always catches our attention! Although we are getting cautious now.
We are witnessing heavy resistance arround 0.00013581 BTC. And we think that this isn't coincidence. By our count, we are...
Steem is a cryptocurrency token that has utility on the Steemit platform – an incentivized blockchain-based social media platform founded by Dan Larimer, who is also the founder of BitShares.
STEEM will be launching their MainNet on 24th March'2019 after the TestNet was released in the month of January'2019.
It might affect steem price analysis so let's analyze...
On 24 March 2019 Steem Smart Media Tokens (SMT) MainNet release. You can see the introduction of Smart Media Tokens explanation on this video by Ned Scott the Steemit CEO smt.steem.com
Let's take a look on a weekly chart:
During a falling wedge, the price moved above the upper trendline. This is a breakout and...
Buy Price: Green Zone
TP: Blue Zone
Support: Orange Line
Resistance: Purple Line
SL: Red Zone (I don't recommend to sell in loss.)
Invest Suggestion: 20 Percent
Profit Expectations: 10 to 40%
Another pattern founded in STEEM, it's seems very likely to happen again ( borwn circle )! All techinicalls are pretty good!
See me previous analysis and how...
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 !
If it does 16000 is the goal according to a few friendly whales
I am not in because i am trapped and i exited @ 8350 a while ago.
I am waiting a hopeful retracement to 7800 that never seems to come.
There are a shitload of dApps being made (without smart contracts) and an exchange will be released soon for those dapps.
They are giving away free tokens everywhere.
The Volume increased 30% since yesterday and the price got some momentum, but it just looks like a repetition of the action on the 31st of Jan.
Steem can go both ways, the lack of momemtum seems to indicate we will test the mid 7000's
Broke over first resistance , will now act as support.
This could still retest the 1085 sats ranges before moving towards further targets.
Stop loss / targets are in chart.
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Read other analysis below. ( Over 90 % accuracy so far)
STEEM (STEEM) Overview
Powering Communities and Opportunities
Steem is a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content. It’s currently the only blockchain that can power real applications via social apps like Steemit.
STEEM (STEEMBTC) Chart Analysis