STEEM - The bounce continued today but a Double Top is in formation

in #steem6 years ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

As you can see on the chart, we continued the bounce from the support line at 0.31$ but it looks like the market is blocking and is forming a double top. Let's see if that pattern will be validated but I remember you that a double top is a bearish pattern which means that most of the time, we have a drop as result of this pattern. Let's see!

I wish you massive profits,
Cryptopassion.io

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Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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Let’s hope it’s just a resistance point and not a double top.

Till now the double top is not yet validated. Let's hope it won't indeed

I hope for it, because the SBD lost value :-/

The SBD didn't lost value, it is still around 1$, this is the STEEM which increased its value

I meant for my SBD I get less STEEM now. The ratio was almost 1:3 and now it is 1:2.8 unfortunately

I mentioning it because I concert SBD to Steem and send it to Binance.

But actually I would love to buy more Steem, but I would love to see it at 5-7 cents. I just have 1K in Fiat in the moment. So 7 cents would be amazing, but just in my dreams :-D