Here are four different ways to look at the Steem price at the moment.
FIRST VIEW: Bullish trend continuation?
Bullish breakout of the Falling Wedge Formation would signal further STEEM strength.
Daily Chart
SECOND VIEW: Consolidation pattern
Bullish breakout of the current range could allow to aim for 1060 region allowing a 1:1 risk reward, if stop is placed around range bottom.
2h Chart
THIRD VIEW: Another trend line bounce?
The support of the line is currently at around 806, the lower support at around 700.
Daily Chart
FOURTH VIEW: Renko Chart
Steem on STEEM/BTC? Renko view suggests further strength but also indicates a pullback then, once more, could be initiated.
What is your view on the price? Any bearish setups at hand?
DISCLAIMER
The provided information is for informational purposes only. Unless otherwise specifically stated, any opinions or views expressed are solely those of the author. The article should not be considered a financial advice. Before deciding to participate in markets, you should carefully consider your objectives, level of experience objectives and risk appetite. Do not invest money you cannot afford to lose. I disclaim any liability if the information, commentary, analysis, opinion result in any losses, prove to be inaccurate, incomplete or unreliable.
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Nice analysis!!!
Thank you sir!
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