Would I buy STEEM now? I may not. Why?
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Hello Friends,
Here is the analysis of Steem, get to know the best analysis from Maheswar.
Looking at the daily chart, we can see the formation of rising wedge and Giant triangle. The price is moving very well in the wedge and it suggests that price can break downside on the corner of the wedge to the target of the support. Well, it would take its own course of time.
Note : Entire analysis would go invalid when the price breaks the wedge/triangle upside decisively.
The price could move to the 0.0062000 levels and fall towards the support: 0.00012600. We have good resistance at 0.0062000 because of the Triangle and Rising wedge resistance.
So I would not enter trade STEEM or stay away for sometime.
BITCOIN BITCOIN XXDN 
XEM 
ADA IICX TTRON 
TRX 
XEL 
EXP 
ETC 
SC SSTEEM
Here is the analysis of Steem, get to know the best analysis from Maheswar.
Looking at the daily chart, we can see the formation of rising wedge and Giant triangle. The price is moving very well in the wedge and it suggests that price can break downside on the corner of the wedge to the target of the support. Well, it would take its own course of time.
Note : Entire analysis would go invalid when the price breaks the wedge/triangle upside decisively.
The price could move to the 0.0062000 levels and fall towards the support: 0.00012600. We have good resistance at 0.0062000 because of the Triangle and Rising wedge resistance.
So I would not enter trade STEEM or stay away for sometime.
BITCOIN BITCOIN XXDN XEM ADA IICX TTRON TRX XEL EXP ETC SC SSTEEMNota
Close below 0.00045000 is the first weakness.Nota
Price is falling down.Nota
Still, our analysis holds good.Nota
It was a successful short so far. Congrats on 50% profit.Nota
We had very nice downside, well in every alts. Only few survived.Target closed.
Trade chiuso: obiettivo raggiunto
Trade closed.
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