STEEM Price update 5: Sitting on Trendline, Cup and Handles almost complete
STEEM is sitting on the trend-line, so if you haven't gotten as much as you would like, now is the time to do it. I expect the Cup and Handles pattern to complete soon, then we can break out of the ascending wedge to the upside. The average price trend says 0.0012 will be our next stop, whereas the Fibs say that 0.0011 will be. Either way, this is an excellent investment opportunity, just have your stops set below the trend-line just in case it breaks to the down side.
Entry Price: 0.00053
Target Price: 0.0012
Stop Loss: 0.00046
Risk to Rewards ratio is an excellent 8
Enjoy people,
Jason
Has support just been broken?
Steem has been problematic to chart, due to it being valued in BTC, it is still perfectly fine In USD terms and I expect it to carry on as if the Fake down did not happen.