STEEM looking like a Coiled Spring, ready for a Breakout
The STEEM chart is looking like a breakout just waiting for a catalyst
The RSI on STEEM looks like it is ready for a surge.
Check it out:
(Source: https://twitter.com/alts_poacher/status/1279119422112874496)
I suspect STEEM will break out of this range to the upside, perhaps retrace a little, then a much bigger move higher.
Something like that line on the chart above.
Keep in mind that this is a chart in terms of BTC so it may not mean the USD price goes up. It could just be that BTC goes down and STEEM does not.
What do you think?
Stay informed my friends.
-Doc
It’s either a big move to the upside or more down Or side ways. It’s almost like a stablecoin a.t.m. Would be good to see social blockchain climp up the ladder. Isn’t twitter researching the concept of steem and steemit internally? I heard some rumour, not sure if it’s true, but it would be stupid not too. Social applications has always found ways to evolve, MySpace to Facebook, twitter etc. All just speculations, will see.
As well as, CCI is also increasing.
Yes that is that as well.