#Steem is in the Green & holding on to the ascending channel, in a sea of red #altcoins

#Steem is holding on to the ascending channel and heading towards that 61.8fib resistance at 42.5k sats, despite all the other coins going berserk with the recent #Bitcoin fall to 7800 region.

As you can see the channel lower trendline providing support and #steembtc bouncing up.

This was my previous post on #steembtc

https://steemit.com/cryptocurrency/@rajista007/steem-finding-support-around-50fib-region-steembtc

This consolidation from #steem after the A leg completion, seems to be a bullish Harmonic Gartley, if the pattern holds and we get a C leg around 42.5-43k sats region.

In Gartley pattern we don't trade the CD leg, D is a PRZ, where we can expect a reversal.

Long positions can be opened once we get confirmation of an uptrend reversal after D leg completion.

You can find the fully updated analysis on my Tradingview site as well here:
https://www.tradingview.com/chart/STEEMBTC/EpO10lcK-Steem-finding-support-around-50fib-region-steembtc/

As well as on my twitter profile:
https://twitter.com/rajista007

If you found something useful here/benefited from my calls, then kindly hit the upvote/follow me here, #tradingview as well as in #twitter.
https://twitter.com/rajista007
https://www.tradingview.com/u/rajista/

If you are in a tipping mood , you can buy me a beverage :)
LTC: LRapgEkUPwV2qENjtt3NEH8d4PPvW3sFfm
XRP Address: rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh XRP Tag: 778576383
BTC: 1LM7tHMvLSghnBw2WTk3MSvfDyiGP5uGpd
ETH: 0x47eefeeea7e7b0d0840e841fbf3b3ab28ea86f88