STEEM Bearish DivergencesteemCreated with Sketch.

in #bitcoin • 7 years ago (edited)

The price bounced from 0.000600 level. A bearish divergence gives us a trend reversal signal. RSI confirms price reversal and MACD histogram supports downward movement. Probably we'll see the falling to one of possible support zones. The 1st zone is formed by SMA50 and 0.000300 support level . If we get a confirmed price reversal signal, we'll be able to open new long postions from this support. If the market drops below this zone, the 2nd support will be at SMA100 and 0.000225 support level . This zone will be able to give a buy signal with good potential profit.

DLavrov @ tradingview.com

#steem #steemit #altcoin #technical-analysis
7 years ago in #bitcoin by
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