Altcoins possible trend reversalWith a lot of altcoins reaching new ATLs every month, we now might be able to look for a bottom. Steem is giving us a good example of RSI and MACD bullish divergence which is also vidible on 1D timeframe. Short term the price should reach at least top of the falling channel, but it also could signal trend reversal and possible bullrun, and not only for Steem but also for a bunch of other markets.
Similiar patterns are visible on 4H and 1D timeframes for XEM, BAT, DGB, ENJ, XTZ, TRX or WAXP.
So I guess it's a good moment to put a few more coins to your watchlist.
STEEMBTC
HIVE/BTCScanning Binance coins that have not pumped, as they seem to be taking turns. HIVE I am familiar with as they forked from STEEM and I got a free bag, nonetheless another shit coin.
On the daily, we are seeing a bullish candlestick variation which may hold as support, anything below that this move is invalidated. RSI is building up and getting a cross on the LTF EMAs which I like to use on the weekly, but we haven't had any action on HIVE in a minute so this may be up next.
Also to note, if STEEM pumps, this may follow, vice versa.
Steem may be setting up for an Ascending Wedge pattern.Please comment if you have questions. Remember: All technical analysis is a matter of probability and this may not play out.
We have 3 points of contact on both the bottom of the wedge and the top of the wedge which allows us to go ahead and consider the possibility of an Ascending Wedge pattern.
BINANCE:STEEMBTC
Steem Hits New All-Time Low... 83,000% To ATH!Let's start with the long-term chart... Notice how STEEMBTC just hit a new ATL:
The potential profits is huge... Over 83,000% to its All-Time High.
Now, the ATH does not need to be hit, in fact, for us to be profitable here we don't have to get even close.
We can be happy with 100%, 200%, 300%, or anything that is in the green/positive/plus.
"Once we reach bottom, the only place left to go is up".
Now, when we look at the 4H chart, we can see a break of support just to see a strong bounce take place with volume starting to go up.
This is just an early signal...
But it can mean that the bottom has been hit and from here on STEEMBTC can grow.
Namaste.
STEEM/BTCProbably some better choices out there, but this chart looks bottomed to me. Cut your losses if the channel breaks, I don't know how much further this will go down if the channel doesn't hold.
Target 2100-2500 sat area. Lots of potential here, but it might take some time!
Lots of coins looking like this. This will pump eventually, but remember there can always be more downside!!
steem why going so deep? time to wake up boyBase on the bolingger Band and price action, its look clearly going to be more narrow.
the more narrow it will be ,the sooner it will boom blast.
Steem is a good project that really implemented blockchain social media (blog alike).
that can tip publisher and users.
stay ahead.
STEEM/BTC What happened in the future?Hi all
It has been in the channel for a long time
And the market can go up and down in the same channel, and if it can break the resistance line, it will grow well.
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This is not financial advice.
Remember to do your own research and build your own plan before you trade.
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STEEM/BTC (Weekly Breakdown?)💎Technical Analysis Summary💎
BINANCE: STEEMBTC
-STEEM still has 1 day left before the weekly candle closes
-It is now trading below the weekly key level of support
-Technically, this is bearish in terms of price action
-If you are a long term bull, this level must not breakdown
-Because new price discovery and longer consolidation will occur
-Entering this market is a highly high risk
-But might be good for long term investors
-So please exercise proper risk management
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STEEM/BTC It has good growth potential in the medium termHi
Kindly like the ideas if it is helping you and leave a comment
It has been in the channel for a long time
And the market can go up and down in the same channel.
Channel is from 1500 to 2800
in the chart:
Targets: 2000 . 2250 . 2500 . under 2800
Resistance:2800
Strong Support:1500
Channel is from 1500 to 2800
Traders, if you like this idea or have your opinion about it, write in the comments. We will be happy
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast
Thank you for seeing idea . please support us
Good luck.
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 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.