Hello all,
The third test of the resistance line in green failed again :
As you can see on the chart, that failure sent us back in direction of our support line in red.
We could go directly to that support line in the coming hours and use it to start a new bounce in direction of our resistance line in green. The resistance like became weaker after these 3 tests and a break out is really probable if we have a new attempt in the coming hours/days.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
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I'm really wondering what's going on and why the already low volumes have become even lower. It's like the whole cryptosphere is in a deep slumber. I'm missing some real action! 😉
i think we can see steem bounce at end of this week
First we are gonna see a correction in BTC when russians stop dumping theyr money in crypto out of failing ABLV bank. After that altcoins will go up in value.
steem doller now price 5.39usd
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Once the price will drop below the orange line I'll boost my account with the large amount of SP.
I think STEEMIT community will grow in 2018 so it's obvious that STEEM will have greater value than it has right now, writing about the 1-year horizon. But in longer period I'm not sure STEEM is the good investment (because of inflation,...).
Another thing is that I'm not 100% sure about the business model of STEEMIT. Allowing ads and lowering inflation would be the great step.
Thanks for sharing i will done upvote I always see your post
Steem will grow - $50 on the end of 2018.
I like your optimism
oh come on STEEM, lets bounce!!
Interesting analysis as always, I think after analyzing the whole market that we can experience a new correction soon and hopefully, that will lead to more diverfication in the market cap ;)
thank for share.
i vote and resteem it.
I like when you say... "the resistance became weaker"...I also think next bounce will break it
nice post sir.... i just follow and upvote to your post..... so kindly follow me and uovote at given link...then i will upvote to your more posts...
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Really good input
I dont think steem will go up in the near future, as long as BTC keeps gaining dominance many altcoins will keep bleeding... Its a great opportunity to buy steem cheap as it will go down to that support level...
Steem is being traded with very low volume at this time, so the pull back is not very obvious now. We have to wait for some more days.
Bitcoin is dead. Steem is the king
Man I don't like these types of posts. It always seems like someone takes some data and tries to predict a vague scenario of what may or may not happen.
I can't see that. Is the price going down because the third test of the resistance line in green failed? Or did the third test of the green resistance line fail because the price is going down? The line going down is the cause and not meeting the green line is the effect - not the other way around.
In other words: "we may or may not have an upcoming breakout in the next few hours... or you know.. days. It's probable it will happen... but it might not happen... but maybe it will... unless it won't!"
In a nutshell: blockchain-powered horoscopes.
What you call the graph as shown in above.