STEEM Breaking out of a Descending Trendline?
STEEM looks to be breaking out of a downward descending trendline. Confirmation is still needed on the daily and so admittedly this post is early but we are in a buy range regardless.
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The above chart shows how the price previously hit three times the huge demand area and it looks for me it's about time to breakout.
Any price targets for Feb-Mar? I’m trying to load up before the moon landing.🤩👨🏻🚀🌔📈
This would be great news. Steem has taken the same hit as the rest of the market and we have all felt the pinch. Being new to the steemit platform I have very little to lose at this point but I can imagine that this downturn has put some strain on some accounts around here. The good thing is that if I'm right then the people who are invested in this platform the way that I am starting to invest myself then the dip really shouldn't be an issue as we are in it for the long term and as believers in crypto we are confident the market will come back. I'm just keeping my fingers crossed for a slow and steady rise. None of this crazy boom crash stuff. Slow gains with little ebbs and flows would be a nice way to have things settle out. It will be interesting to see the price once Binance is back online.
Agree!
Below 4$ steem is best investment
This is great news @tradewonk! After of almost 2wks in the downward trend we are all hoping to see it fly again. :)
Thank you for sharing this @tradewonk! :)
I think the SUPPORT LINE may break. so, maybe down...@tradewonk
Would love to see this scenario play out with the small impulsive wave back up to $7+. Let's get some bullish action, enough of this sell off...
Yes, I saw this. Steem breaking out of a downward descending trendline. But its price is still stable. It's price can't cross $4 since 4 days maybe.
Nice, I love this pattern! Let's see if we can see the breakout in the next hours...Anyways, we will see Steem mooning sooner or later ;)
Once trendline breaks ,a retest will occur before the actual move start.....Nice one
Wow. Already long expected. I did so many updates on how very soon the upward trend shall commence. Thanks for sharing
My pleasure
Keep more coming 👌
Steem is one of the mosr undervalued coin considering its blockchain activity, speed and transaction fee. The trend on your chart shows steem has more room to grow and definitely it will rocketed up to a new ATH.