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...
March 12 2019
Current Price $0.53
Macro Daily Bullish Descending Wedge.
Long Downtrend pressure going back to September of last year.
Recent Uptrend Recovery from Bearish Crypto WInter Lows.
However, Bulls have overperformed. Oscillators are overbought. Price extended beyond the Bullish channel.
What's next? I dunno. Maybe a...
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...
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...
- look at the curves in the volume on Daily chart. Normally a bottom can be indicated by 2 consecutive curves like that. 1 for the dead cat bounce and 1 for the real bottom. I'm almost certain that Steem is gonna find its bottom this month or next.
- Rsi Almost hit the oversold on weekly, still have a bit more to go.
- Rsi is forming a bullish divergence on...
Buy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
#STEEM / BTC ( Binance, Bittrex )
Buy Range : 0.000133-0.000136
Stop Loss : Not recommend
Target 1 : 0.000164
Target 2 : 0.000211
Target 3 : 0.000270
- RSI on lowest point in two years and near oversold zone ( positive )
- Negative SAR ( Negative )
- Below moving averages ( Negative )
- Lack of volume (...
Looking at our trend timeframe we see STEEM has now reached our critical support level at 12000, stochastic rsi showing momentum is bottomed out and we should be expecting a reversal. Will be watching smaller timeframe for momentum and candle reversal.
Shifting over to...
. Steem/Dollar is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
. There is a...