STEEM Weekly Analysis (225% Potential Profits Mid-Term)

29 giu 2022

Let's continue the second round by analyzing at the famous STEEM (STEEMBTC) altcoin, we are looking at the weekly chart.

First, let's start with the relative strength index, we can see it at over 56.
We consider this index to be strong at 30 or higher when using the weekly timeframe.

We have a symmetrical triangle which is a neutral pattern but also have a break above EMA50 and conquerd down-trendline.
This signals higher prices.

I am mapping a nice 58% short-term followed by 225% total with additional potential for those patient enough to wait for the upcoming bullish wave to unfold.

It is all very simple when it comes to the Altcoins.

To increase your holdings of Bitcoin, buy ALTSBTC (Altcoins vs Bitcoin) pairs and hold.

Very simple.

Thanks a lot for your continued support.

Namaste.