Hi dear friends, hope you are well and welcome to the new trade setup of Steem coin.
The last biggest harmonic move Steem formed back in Mar 2020, which I shared as below:
Now on a monthly time frame, Steem has again formed another big harmonic move, and this time it is a bullish Gartley:
On a daily time frame, Steem is also about to break down trendline...
STEEM is an attractive cryptocurrency for long-term investment. And there are three reasons for this.
1. Bullish divergence.
Thus, the first potential source of profit is an increase in the price of STEEM.
STEEM is a cryptocurrency with its own blockchain, linked to the social media platform Steemit.
> Steemit is a blockchain-based blogging and...
STEEM along with it's hard fork HIVE sometimes does parallel pumps and these are not-so-much influenced by BTC /NASDAQ. I've deliberately chosen Bittrex exchange. You can take advantage of really small volume on most alt coins, the sudden high wicks are closing your deals in profit. (clearly visible on hourly charts)
Welcome to this analysis about STEEMUSDT, we are looking at the 1D time frame perspectives.
Support and resistance ranges are specified.
Information provided is only educational and should not be used to take action in the markets.
thank you for watching the analysis.
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.