$STEEM - Trade Setup (LONG1. Ben Trend indicator showing bullish signal
2. Bounced of support line
3. Good risk to reward
Steembtclong
STEEM FORMING THE RIGHT SHOULDER, 71 % OPPORTUNITY!Steem has been on a breakout yesterday, since one day it has made more than 25 % rise and has confirmed finishing the head and is just about to start the left shoulder pattern and has confirmed it with yesterday's spike. So now I am expecting Steem to finish its right shoulder pattern in the upcoming weeks where it should stop at 0.00043 BTC as there is downward pattern if we look at the tops it have been making with its left shoulder and head so we are going to meet the resistance when we intersect with the red line however if we break this trend I am expecting Steem to go up further to the price it has made with its left shoulder, in other words right shoulder will be the horizontal reflection of left shoulder where it will do its peak at 0.0005 BTC.
So my advice on this trade (this is a HODL trade), buy now sell when we come close and intersect with the red downward line and wait for the market to react if we break this trend then it is time to buy back but if we bounce back down from this trend it means we are on our way to finish the right shoulder by going to the bottom.
Good Luck, Traders!
