STEEM/BTC (Testing at Key Support)STEEM/BTC
-This coin is back at previous Swing Low located at 1700 sat range
-This area of support was previously a resistance zone
-Today, can STEEM confirm this area as still a valid Key support?
-Well, there is a chance if STEEM can pass 1900 sat and up
-But if the market becomes unstable in the next few days
-This support might not hold and send the price lower
-Technically, if you're a type of traders buying at key areas of support
-The 1700 range is a good confluence in terms of support and resistance
-The risk to reward ratio is also good
-So aggressive Buyers might already have positions opened right now
-Target is up to 2200 sat area or higher
Steem (Cryptocurrency)
STEEM looking to test monthly resistance (HIGH VOLUME)STEEM has broken the daily resistance level at 2381 by wicking above the daily resistance.
If new candle opens above daily level, then we may see some move upward till monthly resistance. It is the 3rd time the monthly resistance is going to be tested.
The more times a level is tested, it becomes weaker.
We may see the monthly gets broken due to
1.High Volume
2. 3rd Time Test
3. Candle forming above daily level
4. Upper trend line also acting as a support.
In other case if 3rd time the resistance is rejected then it may retarce back to test the new support at daily level.
Also 3rd situation is:
If candle is unable to form above daily level which is 2381 then we can see a retracement back to 2260.
Wait for the new candle to be formed.
Then decide accoordingly.
ACCUMULATION to BULL? WHEN 6X? FA:
Gaming is one of the biggest upcoming industries with it schedule to be listed as a sport in the Olympics as more teenagers are playing ESports than actual sports
Same way we buy clothes in the real world,people purchase skins in this virtual world \
These payments need a payment service thus coins such as STEEM have strong upward potential
TA:
Has been accumulating for a long period, with volume and interest slowly picking up
Flat trading, unlikely to go further lower than this point
Expect it to pump if it breaks the 0.7 Fibonacci level which has been acting as resistance in the current channel
-Megalodon Whales (Rahim)
Enjoyed making this chart
Please SHARE/LIKE and give me feedback on my idea :)
BINANCE:STEEMBTC HUOBI:STEEMUSDT BINANCE:STEEMETH BITHUMB:STEEMKRW BITTREX:STEEMTRY BITTREX:STEEMIDR
STEEM \ BTC. 30% profit here and now! Good day. Consider a pair of STEEM \ BTC, which on many large exchanges can give a good profit
Everything is connected here with the volume, but more on that later ....
On the chart I have designated
-yellow flag: the large volume and shadow of the candle shows us the potential for the continuation of the bull trend
- goal levels
- a triangle with a breakdown
You need to learn to understand the volume of trading and for this it is worth knowing the types:
The vertical volume displays the number of transactions concluded for a certain period of time.
When working with an indicator of horizontal type, interest is displayed in a particular price level.
Cluster analysis of trading volume is called "X-ray candles." It displays the volume that is traded at a specific price during the entire process of forming one candle.
LONG - STEEM - Trading OpportunityBINANCE:STEEMBTC has been slow bleeding for quite a while after some really crazy pumps, now fallen to the MA200, but still managing to retake it and consolidate above it. We think the consolidation in this support is quite important and a tell tale sign of an imminent last hurrah pump.
Entry: 0.00002157
Target 1: 0.00002387
Target 2: 0.00002536
SL: 0.00002059
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STEEMBTC Massive Volatility Increase After Controversial UpgradeThere is a lot of news around Steem recently. Binance expressed clear concerns around their blacklisting procedure and doesn't even want to support their latest upgrade.
All of this has been translated into massive price action, crazy volatility, and large volume spikes.
All-in-all: happy times for trades like us!
We do see some interesting patterns within all of these pump and dumps, and if you're feeling FOMO I suggested a set-up here for you how you could also try to enter a trade and benefit from some of these juicy gains.
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Market View STEEMBTC e WTCBTCA STEEM está em longo período de consolidação e acumulação que foi recentemente alvo de um pump & dump a seguir o que mostra no gráfico, está agora a tentar iniciar um movimento ascendente mais orgânico e que parece mais sustentável no médio prazo, pelo menos a olhar para os 900+ BTC de volume em 24H.
Está em rompimento do canal de regressão o que pode apresentar um bom suporte para um movimento mais bullish.
Por outro lado analiso a WTC um ativo em fase precoce de um possível movimento bullish, com muito pouco volume 40-50BTC, que está com divergência bullish no diário e semanal e está próxima a romper uma falling wedge se continuar a aumentar de volume.
Durante a gravação deste vídeo teve um aumento de volume de 10BTC.
É um ativo bom para o investidor mais resiliente e com paciência.
Somente a minha opinião sobre os ativos aqui mencionados, (DYOR)
Se gostam do meu trabalho, ajudem a compartilhar, deixem aquele like e comentem, desde já o meu muito obrigado.
STEEM Can Also Print An Impulse Move (250%+ Big Jump!)Let's keep it simple for Steem (STEEMBTC) shall we?
Here we have an ascending trendline on the bottom where I marked mutiple higher lows... It is also clear that we are having higher highs so STEMMBTC is on an uptrend now.
After the low trendline was hit, a strong high volume bounce took place and prices are now trading above resistance.
Just like I mentioned in my previous post about ERDBTC, STEEMBTC is very likely to produce an "impulse move".
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Previous analisys | Apr 3
💥 Steem Uptrend Is Secured, Bullish Comes Next by Request
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