STEEMBTC trade ideas
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 can "Take Off" Steem has been in accumulation for long, has a great setup, moving sideways for a long time, and i see in the chart a huge potencial to fly at any moment...
Stay tuned on this one, and setup your position.
Buy: 2020-2050
Sell: High
THIS IS NOT A FINANCIAL ADVICE, PLEASE DO YOUR OWN RESEARCH, AND INVEST AT YOUR OWN RISK.
Decent profit witj STEEM, SL is a mustThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like, i really appreciate it because then my work makes sense :) thanks!
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.
STEEMBTC nice 4h breakout 🦐The price broke dynamic trendline and now is testing the previous resistance, According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.