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Steem (Cryptocurrency)

Steem Weekly There is possibility which will be clear at the end of the week that pair on weekly chart will create very interesting candlestick formation which is called rising three pattern. It will not be exact as the perfect one but if you consider nature of cryptoccurency(extreme movements in short period of time) I think it is justified to use it as suggestion for continuation of trend. Rising three pattern is used to confirm trend and looks like this that there is big bullish candle which is followed but 3 small bearish candles and then there is 4th candle which is also big and body should be closed above the body of the previous big bullish candle. Second important signal is Fibonacci 23.6% retracement. This is as much important as the 78.6% and it is very goo indication of trend reversal.(in our case from bearish to bullish) Let observe what level the weekly candle will close. The perfect closing level would be 2k + For TP area I would go for 161.80% combined with round number which is 5k or the one from my previous chart linked below. …..I will post 4h detailed idea also.
Long
by Krystiannwk
Steem important support level low risk to high probable profit We can clearly see here two very important levels to watch for( marked with two parallel black lines). Level around 0.00013555 which was created by double bottom in the November last year. Above it around 0.00015000 level pair was holding for a while between the end of the December and beginning of the January. Mid of February level was broken and the pair went south very quickly just to rise up in mid March with very high volume. Pair for the last 16 days is testing support around these two levels. I marked three soldiers formation with blueish rectangle which is suggesting trend reversal. I think it would be reasonable to set SL just below lower level. TP area would be around last high around level 0.00032000 or you could just wait some time till the pair will reach 200 ema which should bring some interesting price action. I would definitely close position when the pair will be close to the 200 ema.
Long
by Krystiannwk
2
STEEM breakout, trend reversal confirmed, 2nd wave UP on the waySteemit, decentralized and incentivized social media. Steemit is a innovation and a new social media platform built on the Steem blockchain where the community rewards individuals for their posts, comments and votes, co-founded by Ned Scott chief executive officer and Daniel Larimer, CTO of Steemit and founder of Bitshares. This was my first chart about steem: a chart from spacetrader(PRO) still one of only few crypto applications with a product out: steemtools.com best wishes your Altcoinanalytics
Long
by Cryptonerd2015
2
Steem ready to interrupt the current downtrendAfter weeks of continued price decline in the STEEMBTC currency pair, a change to the upside might be at hand. We have seen earlier that a break of the major downtrend line led to some substantial upside. In addition, this time the newly unfolded downtrend line coincides with the 2/1 Gann line, drawn from the high to a significant local low, suggesting the significance of the entire Gann fan. A break of such line indicates a move to the next Gann line, i.e. 3/1. How soon STEEMBTC reaches this line can only be guessed. In the scenario outlined on the chart there would be a potential profit of 250% and a potential loss of 15-25%. The stop-loss is determined just under the current all time low. I am not responsible for any loss on your side if you would do this trade, but I sincerely hope this plays out as expected since I am invested myself. ;)
Long
by RustyRue
10
STEEM . Baby Bull Almost one year old, STEEM may have seen it's all time low from which it has bounced a few times now. A modified Schiff Pitchfork shows us a slow BULLISH channel moving forward. Fibonacci levels ahead also show some attractive historical price action. Technically speaking, tentatively BULLISH. Fundamentally speaking, the blockchain is new and there continues to be innovative projects discussed and released including SteemPhotos and Busy. And those are just the beginning. Steem has an engaged, diverse, and creative community. It's transactions are instant. Despite any growing pains, it continues to show potential. Personally speaking, I am BULLISH. The platform continues to show increased usability and the community continues to attract new members whom create new content not only for crypto-enthusiasts but for a variety of public interests. steemit.com What will happen? We shall see.
Long
by allthemoneys
1