STEEM Long-Term (Potential 400%+ profit)STEEM shows steady movement breaking the first resistance. The sky is the limit for this coin.
MACD and RSI support upwards movement.
Downtrend broken.
First resistance cleared(only need confirmation).
Potential profit is not 100% guaranteed to happen. But if the coin stays healthy without any negative news, most likely it will.
I showed in the chart where the price might bounce back a little. If you want extra profit, trade those dips. But do so at your own risk.
Reaching the profit goal may take a while! Be patient.
If you will be satisfied with the profits, take them and move on, no need to be greedy.
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I will answer all questions as fast as i can.
Good luck trading!
STEEMBTC trade ideas
STEEM BREAKOUT ON DAILYSteem broke out recently from a descending triangle on the daily.
On its 1st pump, 9000 -----> 22000 sats
Consolidated for 1 week
On its 2nd pump, 20000 ------> 40000 sats
**Forecast**
Steem will consolidate for another couple of days (flag out) and pump to 80 000 sats.
Steem is a long way off its ATH so it has a lot of room for growth.
Steem / Bitcoin Finally Reversing UP?Steem has lost to Bitcoin in the past few weeks but in comparison to other coins, the loss was very small. In fact, Steem continues ranging against Bitcoin while other major cryptocurrencies are struggling.
STEEM/BTC found the support at 9600 statoshi, that is near 10k satoshi psychological support level. It attempted to break below, although the attempt was unsuccessful. Now the key price is at 8825 satoshi and if Steem will close below that price on the 4H timeframe it could go further down.
At this point, while the support is respected, growth can be expected, and perhaps even a trend reversal.
STEEMLONG- only if BTC holds steady
- Consolidation inside a Trading range
- Large Inside bars (smaller inside bars- better/stronger signal)
-symmetrical triangle
- BULLish RSI
-DMI turning up
-decreasing BULL volume on consolidation
Strategy-
1. if BTC holds up, start buying quantity inside trading range as I don't mind extra risk on entries
2. add qty on breakout
3. sell into strength on retest of upper boundary- volume and strength of breakout will dictate how far past the resistance price action will carry before retest of upper boundary
4. add quantity on RSI bounce
5. book profit again into strength -heading to TP2
6. trailing stop loss for remainder
FYI- not in love with this setup as it is inside a non trending market. My conviction level is not super high. We'll see good luck. Chart helps me for Tracking purposes at least
STEEM wants some actionLooks like STEEM wants in the action.
If STEEM follows BTC, then we can expect some huge gains.
- Capital management.
- Trade only what you can afford to lose.
- AIM high.
Target:
(1) 0.00025
Stop Loss:
(*) 0.00011197
Remember, new opportunities come along all the time in cryptoworld.
So play safe.
If you profit from this analysis, please consider sending a gift /tips.
BTC: 1FuixEqRubccPr9RxZpFTRAzXhwS4j2Qh3
BCH (Bitcoin cash): 1QHoxyb6eWeTUJQ7umFUSKcCZCGckfx14H
LTC: Ldqto38KKv2wibUBqdaEYN6k7EDMAfBbqm
ETH: 0xb0212a2338eaebd110adc5ca254e23396cc88cd2
You are strong.
You are powerful.
You are divine.
YOU DESERVE THE BEST!
STEEM/BTC - Short if breaks the cloud
Description of the drawing:
As you can see the fifth wave heading to the equilibrium of price inside ichicloud.
Also MACD showing a reversal moment of the uptrend that Steem was experiencing. If it breaks the ichi support will start to go down trend as bitcoin starts to recover.
Entry price:
0.00009869
Exit price: 0.0000
09273
Resistance to watch:
0.00010244
Support to watch:
0.000009571
Exit position fraction: 0.000009571
Type of Call: Short
STEEM Double Bullish DivergenceThe trading idea is based on a double bullish divergence and it gives us a trend reversal signal. The price passed through the cloud and we got a confirmation of a new uptrend. DMI confirms trend market conditions and allows trading. We can place pending orders for buy a little bit higher than 0.000150 resistance level. Stop orders must be placed at 0.000126 level. Profit targets are 0.000200 and 0.000240 level. The part of trade volume can be left for long run with higher profit targets.