STEEM has broken below the critical 9,800 satoshi support. If the daily candle closes below 9,800, I think price will likely drop to at least 9,000, possibly as low as 8,000.
Looking at the weekly chart, we may find support at the bottom Bollinger band. If 9,000 satoshi is breached, I’d look for a reversal between 8,200 and 8,000.
Clearly the above analysis is dependent on Bitcoin.
In today’s video analysis I discuss, key areas to watch, where price may be heading next, possible buy zones and so much more. I hope you find it helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/@workin2005) or Steemit in order to watch.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Workin
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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005
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by Workin2005
Truly incredible to experience this indiscriminate meltdown around the markets... getting some more fiat aligned to catch this falling knife even though it is painful... I hope to see some bottoming process ultimately come from fundamentals that will highlight great protocols that are adding value to the blockchain space.
It’s been one hell of a show. If you’re planning to hold longterm, slowly lattering in now isn’t a bad idea.
I may have made a huge mistake.
Start backing up the dump truck full of cash....we are now entering into the crypto buy zone. (the true one IMO the one that is 75+% off the highs )
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