STEEM Price Basing In Process but Support Must Hold Against Decisive Breach
SUMMARY
STEEM is reacting by following BTC in the current minor pullback. However, the big picture is always the best context. The chart below shows that most likely, curren price move is corrective and not a crash scenario. STEEM moved from a very long rounded bottom consolidation and after a lengthy correction, finally generated the five wave impulse. What happens after an impulse of five waves? There is a requisite retracement which can be in the form of an ABC, Triangle or Combination.
I've adjusted the triangle lines to better encompass the price moves. The ABCDE waves show that it could be nearly complete...very close. The only condition is that the bottom white triangle line must hold against any decisive breaching. Price proximity to the Apex should truncate after a couple more days of price action. Once and IF wave E completes; a breakout can be expected. Let's see how the overnight price action takes us.
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I've posted two scenarios with same price target. I think we're going to $31 in a year or so. What do you think long term?
STEEM - Analysis - The Future For STEEM Price ($31) — Steemit https://steemit.com/steem/@benkalashnikov/steem-analysis-the-future-for-steem-price-usd31
Its been one heck of a drop, everything is way oversold! Gawd
Personally I hope it doesn't crash, cuz I have a 4,973$ funeral bill I need to pay cuz my grandma died a week ago. So it's struggling rn.
Your TA is garbage.
Just recently you predicted steem to break out and hit $20+.
Anyway I'm not hating on you..
What you are doing here.. is perfect.
The REAL REASON WHY OTHERS ARE BITCHING....
THEY JUST CAN'T RAPE AS GOOD AS YOU...
And that is what really bugs every sad motherfucker on here.
It bugs them that they can't maintain a steady flow of rewards as yo and your support do.
So... shit.. I'm enjoying the whole show.
It was the inevitable. And the best is yet to come.
good steem money cryptocurrency post thanks for shearing
detailed, useful analysis thank-u @haejin
Thanks for an informative post. I do agree that long-term is truly the way to look at the major cryptos out there, and this little bump in the chart is really no big deal in the long run! Keep up the research and sharing!
Deae Haejin I am a very long time follower of yours, I finally made my Steemit account and I look for reading more often your useful information
Coins mentioned in post:
Wrong as usual, but who cares right ?