After breaking below the ascending support, STEEM went and retested it on may 26 and 27 but rejected it.
If we want to see STEEM back up again, we have to break the 0.65 resistance and close above it. After this, we have the major 0.78-0.86 resistance area, and if we break above it, STEEM could shoot right back up to 1.2.
Support levels are 0.45 and 0.33 and a...
STEEM broke out of its channel on high volume and rejected the fib golden ratio (61.8%).
I expect it to retest and break it, from there we have a lot of resistance in the 1.2-1.3 area.
If we break it, our targets are the recent high at 1.44, then 2, 2.3, 2.6, 2.88 and 3.8
Support is at 1 and 0.94
Good luck traders
Remember not to break your rules
Steem seems to be in an ascending triangle pattern since the 23rd of February, which is having its edge on the 17th of march. The next 4 days, we could see a breakout and ATH...that is if trading on Poloniex isn't halted, because I haven't seen an update the last 1,5 hours.
Gaming is one of the biggest upcoming industries with it schedule to be listed as a sport in the Olympics as more teenagers are playing ESports than actual sports
Same way we buy clothes in the real world,people purchase skins in this virtual world \
These payments need a payment service thus coins such as STEEM have strong upward potential
on 17th of March 2020 I posted an article where I revealed that the priceline of Steem has completed a bullish Shark pattern the formation of this pattern was started on 25thf November 2019 and completed on 9th March 2020. And as per Fibonacci sequence of bullish Shark pattern I predicted that the Steem will move up from here atleast between 0.382 to 0.786...
A strong resistance level the main cause of drop:
Hi folks hope you are well and welcome to the new update on Steem with US dollar pair. To understand the current downtrend we need to go back in November 2019. When the price action was move sideways and took a powerful bullish divergence in January 2020 and broke out the 100 simple moving average resistance....
Hi friends hope you are will, here I have found another profit potential trading idea for you and this time I have found a harmonic move by Steem. The Priceline of Steem has formed bullish BAT pattern and entered in potential reversal zone and ready for bullish reversal soon.
Let’s have a look on the Steem’s move:
Steem recently broke out of it's range, and is now appearing to move up. Currently buying, might go a bit deeper with limits. Would like to see a relatively quick pump up on this chart to confirm this.