STEEM - in consolidation inside a flat canal
Hello all,
Here is the chart of yesterday :
Here is the current chart :
It was nice today to see than even with the correction on the BTC, the STEEM was one of the rare altcoins to increase a little bit. I'm talking about some percents but it is always nice to have. However, we can see clearly that all our moves of the last days are included in the same canal and it looks very hard to go outside of it. This kind of consolidation finishes most of the time by creating a very nice Break Out. When we see how the STEEM moved today, it is not impossible to have a nice UP Break Out but as for every Break Out it is impossible to be sure at 100% of the direction that it will take.
Follow the trend my friends ;)
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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The market is not looking good right now. I noticed it last night when ETH started selling off for no reason even though bitcoin was fairly stable. I knew a chain reaction would begin but I did nothing but watch lol
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Good analysis
STOP