STEEM CLOSE OFF ENGULFING | MINI DESCENDING TRIANGLE
Upon hitting the purple channel top resistance, little pullback and close off the candle as engulfing pattern. Consolidation of mini descending triangle still possible. Probably retest this purple channel resistance 3-4times before a breakout happen. Following the movement pattern from big brother bitcoin.
Short term moving average : uptrend supporting candles
RSI : touch oversold and pullback, might test again
SBD/STEEM : 1.055
Weekly Timeframe : -
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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