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Steem (Cryptocurrency)

Short term Analysis [4 hr tf] for SteemBTCSteem appears to be in a primary wave C position that is the last leg in an expanded flat Elliott Wave Structure. The long term trendline for Steem is also shown (in blue). A Daily candle close below the trendline can help to further accelerate the sell off in STEEM. POI= Point of invalidation which would make this trade set up invalid. The current setup provides a risk/reward ratio of ~4:1. The target (also marked on the chart) is calculated based on wC = 138.2%wA, which is an acceptable projection for the wC of an expanded flat Waves awaiting completion are also shown on the chart
Short
by Coin_Analyst
Steem , A buy opportunity in STEEMUSD is near. Be ready!!Technical analysis: .STEEM/DOLLAR is in a range bound and beginning of up trend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. .The RSI is at 46. Trading suggestion: There is possibility of temporary retracement to suggested support zone (3.6475 to 2.6432) , if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (3.6475) Ending of entry zone (2.6432) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: TP1= @ 4.7985 TP2= @ 6.7261 TP3= @ 9.2557 TP4= Free
SLong
by ForecastCity
2
Steem is in a strong downtrendSteemit has lost more than 30% since the end of January. Steem price has breached the 20-Day and 50-Day EMA support line after several attempts indicating that the support is weak. And as can be seen in the chart, the coin is forming a descending triangle which is a bearish continuation pattern. Even, moving average convergence divergence has turned bearish. However, as can be seen in the Steemit technical chart, the price is currently enjoying support from 100-day EMA. If the price breaches the 100-day EMA support line, it could go much lower.
by LudwigStirner
Steem Finally Up?Steem has been corrected down since it reached $8.57 high. Price went down as low as $2.2 where it found the support, confirmed the 227.2% Fibonacci retracement level applied to the corrective wave up after the uptrend trendline breakout. After rejecting the support price went up and broke above the downtrend trendline, went back and rejected it. At the moment it looks like the price is likely to continue rising although it remains unclear whether it is a long or a short time trend. The first resistance is sen at $7.7, confirmed by two Fibonacci retracement levels, 88.6$ and 261.8% applied to the corrective wave after breaking the downtrend trendline.
POLONIEX:STEEMUSDLong
by CryptoPAMM
PICKING UP STEEM! $17+ TARGET SOON! $35 THIS YEAR! A quick look at STEEM shows me we are in a longer extended triangle correction with A-B-C-D-E Elliot touch points. Now, sometimes the (D) touchpoint also becomes the breakout. I am unsure of the percentage here and am hoping a comment warrior can help me out but for sake of the illustration, I'd say that maybe 60-70% of the time we will travel down to point (E), hit our touchpoint and then break up. That leaves us with 30% of the time that we don't. Point being, we are close to a breakout of our triangle here. Now, because of the extended nature of this particular correction (RED TRIANGLE), I have cloned our purple fractal and multiplied it by two (2), an estimated length of the triangle. I have built the fractals on top of each other from an assumed touch point of (E) to reach our first shorter term target of $17, a 400%+ profit margin from our current price. Longer term I see STEEM taking off like a rocket. I do believe that it is well within reason that STEEM reaches $35 by year end (and I think this $35 target would only be the end of wave #3 - meaning we could go higher). This would constitute a nearly %800+ profit. If you want to place your bets on an alt coin that will be around for a while AS WELL AS one that will net huge gains, I do believe STEEM is the coin to be in. Veering away from technical analysis here, DTUBE (a decentralized video platform built on the STEEM technology) has recently picked up many major YouTuber's and this transition is about to avalanche with the Google Ad issues that we have been seeing in news stories recently. This will only serve to propel STEEM into newer territory and token highs. Brace yourselves, STEEM IS PICKING UP. The STEEM propelled rocket will be launching soon. Happy trading friends.
SLong
by stewdamus
STEEM IS MAKING MOVES - DOUBLE UP ON PRICE BY MARCH 7-15 2018 Color Chart Short Term Channel: Cyan (solid line) Long Term Channel: Blue (dashed line) Fib Trend Line: Magenta (dashed line) EMA55: Yellow (solid line) Short Term Resistance Line: Green (dotted line) Long Term Resistance Line: Gold (dotted line) Lowest Point of Correction: 78.6% FIBONACCI RETRACEMENT = $2.63 Targets Sell Target #1: $6.72 Sell Target #2: $10.00 Indicators RSI: Uptrend @ 50.03 EMA55: $4.23 ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** About STEEM Steem is a blockchain database that supports community building and social interaction with cryptocurrency rewards. Steem combines concepts from social media with lessons learned from building cryptocurrencies and their communities. An important key to inspiring participation in any community, currency or free market economy is a fair accounting system that consistently reflects each person's contribution. Steem is the first cryptocurrency that attempts to accurately and transparently reward an unbounded number of individuals who make subjective contributions to its community. Steem Whitepaper: steem.io
S
by ZpaceBuddha
Valentines Day Massacre? BTC LTC ETH STEEMThere is always opportunity whether price goes up or down. Right now the opportunity might be to run!!! ~Bearish Weekly MacD's across the board. Bitcoin especially is looking at dual crossovers on the Moving Averages. ~Bitcoin targets are $5000, then $4020, then $2400. If I'm wrong, and I hope I'm wrong, then Bitcoin could bull run to the $1150s. ~Litecoin is the only one on the run as of now. Expecting Profit Taking Now or at $240. ~Ethereum has support waiting just below $700. But if it breaks below $600 we could go as low as $474ish. If we crazy bull run then to $1120. ~Steem could go either way. I'm expecting a drop to $2.50. But I want a run to $6.25. Current Prices BTC . $8990 LTC . $195 ETH . $882 STEEM . $4.25 What do yo think? What indicators do you use? How do you forecast and follow price besides relying on blind hope. Hope is not a strategy, but faith in your preparation goes a long way. How are you preparing for a possible Bloody Valentines Day Massacre?
COINBASE:BTCUSDShort
by allthemoneys
STEEM/BTC - 2/9/2018Since the beginning of the year, STEEMs price has strictly followed the pattern of an ascending triangle. The length of this pattern mimics that of Ethereum before its huge bullish push, this makes me hopeful that the price of steem will follow the same pattern. The price path indicated by the arrows indicate the rest of the consolidation of this ascending triangle. Due to the magnitude and length of this triangle, I believe the consolidation will be much greater than just 3 touches on each trend line before breakout out into the bullish direction. The target of the breakout is indicated by the green trend line, which also happens to be around the area of the 161.8% fib retracement level. Because this is considered a strong resistance level in an uptrend, this could also be a potential point of reversal in the case the price does not break past it. Important Resistance Levels: 62382, 51516, 50773 Important Support Levels: 44376, 38510 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
Long
by EQBM