I have not invested in STEEM so you guys know that. But please open up the chart and play with it. Zoom in and out and tel me what you see !!
And now i want you to do the same with the ZIL chart. Do you get it ?
To me both charts look nearly the same. A few small resistance levels but after that its nothing that will holds it down. I expect a ZILLIQA move on...
It has been in the channel for a long time
And the market can go up and down in the same channel, and if it can break the resistance line, it will grow well.
Targets:2100. 2250. 2400. 2500. 2700.2900
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-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...
Steem has been in accumulation for long, has a great setup, moving sideways for a long time, and i see in the chart a huge potencial to fly at any moment...
Stay tuned on this one, and setup your position.
THIS IS NOT A FINANCIAL ADVICE, PLEASE DO YOUR OWN RESEARCH, AND INVEST AT YOUR OWN RISK.
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
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please...
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 !
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...
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...