STEEM
Despite btc breakout and rally, steem is lagging compare to other altcoins. Yesterday post mentioned about the slow bleed effect halting, correction it still have the option to proceed as normal.
On daily candle, 3 candles higher lows, testing strong support/resistance level 0.82 steem/usd. Likely to close above following move from btc rally.
On hourly candle, going out of shape IHS, likely test on 0.0001350 and maybe breakout to test long term bearish channel resistance around 0.0001430 (3/4 of the projected breakout tgt if it happen). Possible triangle consolidation closing in to breakout soon, likely upside move which projected target price test the long term bearish channel top around 0.0001430. Possible entry for breakout upside.
stockpile for short : high (more slow bleed)
Short term moving average (day candle) : uptrend
RSI :
SBD/STEEM :
Weekly Timeframe :
24hr change :
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