STEEM Chart - Flag Formation Formed, Retest of $1.39

in #trading7 years ago

Testing Again

HELLOO TRADERS!

In our last STEEM Price Update we saw price start bouncing off the $1.39 price level and start heading towards the top. As expected, we are seeing the candles gravitate towards the same price range to create a flag pattern.

The expectation is for the pattern to break and go into newer highs, however theres always that chance that we see the price just break the trend line for lower lows. The market has been increasingly bearish the past month so don't chalk up hope just because the formation is perfect. Wait for the big candle move before making that trade.

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Gracias por la información @portbp-hou

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