If current support will hold, which is very strong based on the past, trend could start to reverse to the upside.
The Bitcoin dominance is in a correctional phase from 70% high, that could result in some capital moving towards alts.
Steem is in top 100 coins, with a real working product. This could result in more trust agains other alts, and in this case price...
Steem / USD Short-term price analysis
Steem has a bearish short-term outlook, with the cryptocurrency trading below all forms of major technical support on the four-hour time frame.
The four-hour time frame is showing that the STEEM / USD pair is undergoing a minor technical correction, following a bearish breakout from a well-defined triangle is currently...
I know, this is stupidly crazy idea, which suggests STEEM price rising 140,000% in the coming 3 years.
Previously I had also crazy idea suggesting STEEM/USD hitting $33 pretty soon.
Perhaps we'll see $30 and then $300?
Time will tell, have fun and enjoy the ride shal it become the reality.
Let me know your thoughts on this.
Elliot Wave indicates that STEEMUSD is on course for a mid-long term entry @ $0.3951 which (if you made said entry now) would be nearly 100% ROI in IMHO ballpark estimate would be a 7-10 day timeframe.
Incase any of you folks forgot what an Elliot Wave is.
STEEMUSD (i'd be here all night and I need to get...
STEEM still sitting at strong support near $0.2 area. Currently it is forming a double bottom which is yet to be confirmed. Price seem to bounce off the downtrend trendline, providing another support for the pair.
Although it is still a downtrend, if double bottom is formed and Moving Average is broken, this shoud result in a trend reversal. In this case first...
Here we go, price has reached very important support area and the area of interest for buyers. Look at the previous spike in volume and the level of weekly close. Its preciecely at $0.21, where the price is right now, after 2.5 years.
This could be an apportunity of a lifetime if you are there for long term. I put my money where my mouth is, while recently buying...
Steem seems to be continuing it’s way down on the daily chart after breaking a flag pattern and is now heading for the most likely turning point around $0.20 where an AB=CD pattern would complete and a major support level is located. This would be the best price to buy from a long term perspective.
An Ascending Triangle, on which there is a Flat Resistance and at least two reaction lows forming the lower ascending trend line is in general terms a BULLISH PATERN.
STEEM has formed a solid ascending support, touched 3 times already and possibly indicating an Exhaustion of the Sellers.
This pattern is usally accompanied by a contraction of the Volume as we...
Steem is going to the end of Symmetrical triangle, it's going to make a big move in the next couple of days. And I'm more biased with a Bull move because it's just passed and found support above the Cloud, some momentum indicators also lead to the same Bull conclusion.
That's for Technical Analysis. For Fundamental, Steem is no doubt the most undervalued altcoin...
Steem is in a ominous place right now. It is down 95% from its all time high and this is what I call the coin graveyard.
It has 3 possible outcomes:
1) It continues to drop and it dies here (dig a grave for it)
2) It keeps churning sideways (walking dead)
3) It builds up steem and breaks out to the upside
People go to these coin graveyards looking for a pulse...
Steem / USD Short-term price analysis
Steem has a bullish short-term trading outlook, with the cryptocurrency still holding above its 200-period moving average on the four-time frame.
The four-hour time frame is showing that an inverted head and shoulders has been triggered, with the bullish pattern twice failing to meet its overall upside objective.
I marked the A and B a while ago.
We hit the A....
STORSI turn bull
66 MA is way up above a dollar so that's a target too.
BUY BULLS OBEY.
This is financial advice from a homeless person, just so now you know. Are you responsible for your own actions?