Using Fib spirals to plot potential Tops for STEEMUSD
Also have plotted the transitions between bear and bull
Am a bit concerned about the validity of the spirals placed on logarithmic charts, yet here we are
not a whole lot to TA, but support and resistances are looking good.
previous bearish OB turned breaker. huge wick into this breaker even touched the wicks of the lower creek.
again looks like its coming to the end of its accumulation.
- perfect jump across creek on strong volume confirmation.
- this one didn't have a spring like some other accumulation...
The Steem community is focused on driving usage to Steemit, the social media blog powered by the Steem blockchain.
Part of this drive included a program called “100 Days of Steem.” It’s a daily post geared toward building a community with wide participation.
As the 100 days wrap up, the Steemit team mentioned the creation of a roadmap. Its refocused goals moving...
STEEM once again at a strong SR level. Its still in a very strong uptrend pattern. I am watching this like a hawk and waiting for a break in support with a 4 hour candle conformation followed by a bullish engulfing.
As we can see, steem did a huge pump, well played if you took it. Now, we can obviously see too that steem price is at this moment a mid term trend who can be used as a mid term support. The RSI is low, and AROON indicate oversold, who mean that STEEM is underrated. I didnt put any objective or target, because in my opinion this coin is just another pump and dump...
The drop rates and fibo levels are on the chart, they must be 11-17 usd in the 2020 range or 2023 range
It dropped about 98%, then saw the 1.886 level of the fibo drawn between the peak and the bottom and closed weekly at the 1.272 level.
Similarly, it dropped nearly 99% from its new peak. If the fractal movement occurs, the fibo level drawn between...