STEEM - Our support line at 1.50$ is still alive
Hello all,
Here is the chart of yesterday :
Here is the current chart :
The support line at 1.50$ has been broken during some hours but it created an immediate bounce that you can see here with the big green candle. We are now testing the resistance line created by the lower line of our triangle. I think a new pull back on the support line at 1.50$ is again possible and the important point will be to see if our support line creates a new bounce or if it will be broken. A new bounce will help us to go test the resistance line around 2$.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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Does this mean anything for long run? I don't think so. I still have confidence in a Steem price of 10$ or more in 4 years, but we will see.
Hello @cryptopassion,
That's showing only last 24 hour #steem chart.!
No buddy knows tommarow price will be what??.....
The support has been broken and the price is now re-testing the lower part of the symmetrical triangle. It seems a good period for sellers, but cryptocurrencies are relatively new and Steem has the power to sustain a long term growth.
Let's see what happens in the long run :)
Actually I recommended Steem to a Friend yesterday and he called me this afternoon asking if there is a bug as he cannot access his account yet... I told him about the “usual”delays but you are right the general public is usually not that patient... 1day is like forever to them ;)