Technical Analysis on STEEM: Very Quick Update

in #cryptocurrency6 years ago (edited)

Screen Shot 2018-06-15 at 6.20.45 PM.png

Very Quick Update on STEEM. I apologize for the lack of screen shots this time. I’m running out the door to celebrate my sisters 50th birthday this weekend in Tampa. That said, I did have a few requests for a STEEM update and wanted to get this out to you before I left. All analysis this time is in the video below.

Hope you all have a great weekend!

Major Support/Resistance Zones:

Screen Shot 2018-07-27 at 7.55.20 PM.png

Watch my video analysis for MUCH more detail not found above. If you’re not watching my videos, you’re only getting half the story.

If you’re viewing this on a site other than Steemit, and you don’t see the below video, navigate to Steemit in order to watch.

Video Analysis:

BIAS:
Short Term: Neutral
Longterm: Bullish

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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Owing to the rejection of a bitcoin ETF lisitng by the United States SEC and COMEX's announcement that it will not be listing new cryptocurrency futures in the near term, I agree that the resultant market overhang will keep a lid on Steem's price.

However, given the amount of dedication to develop Steem's backend infrastructure and constant attempts to innovate and improve the Steemit platform, it augurs well for the long term price of Steem.

I think ETF’s will get approved in the future...possibly by September. I agree Steem has a bright longterm future.

Another good one...

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Yes friend it will brake ,8400 then make correct but it will again go up & cross 8700

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I think you have the wrong post. This is on STEEM, not BTC. If STEEM breaks 8,400, I'll be a very happy camper. ;-)