STEEM prices are kicking butt; here's some charts and predictions
the .72 (almost .73) back in May formed a nice floor, as we can see (circled in red), it tried to ALMOST test that floor but it ended up holding before it even hit it. And bounced.
Last STEEM price was $1.71. That's absolutely, ridiculously impressive (considering it was bottoming lower than $1 a few days ago and, what did it do? BOUNCED! floor held again!)
Looks like next resistance area that it needs to clear is the $1.85 mark.
Or maybe we can chill at $1.85-$1.88 and form a little weekly 'cup and handle' formation to shoot us higher.
as you can see, below, it's a nice cup forming right now.
If we can clear these areas, looks like our next areas to touch are $2.20 and a whopping $2.60.
Keep an eye on this $1.85 mark coming up!
(@xaero1 , stuff you probably have already seen and noticed, but figured you'd enjoy seeing it)
All those who kept hope , now have a smile on their face
indeed. and those who sold out are kicking themselves haha
Thanks for the shout out. Probably I'm not the best person to predict steem because I was still buying it at over $2 as it was falling!! ;). And I'm all powered up now, and not planning on selling....so I will just watch and see whatever the market decides :)
But I'm really not sure. Number of users increasing hasn't yet translated into much of an increase in trading volume of steem which I'm a bit surprised about. Guess that's because a typical new user may know nothing about crypto, and Also quite likely doesn't want to know anything about crypto trading :)
From a technical point, i think it could either way: continued uptrend, or double bottom or slightly lower low (but I really hope not!)
If it ever goes to $0.01 though, I think I'd probably double my position at least ;)
I like your comments on the charting. It's always interesting to me to see people analyze charts - because I am starting to learn something about it, myself. Upvoted and Resteemed.
thank you for reading through the post and looking at the charts. And thanks for the upvote and resteem!
I hope this is correct and we don't have hard resistance around $1.85 and start heading down. I also am concerned that this is a short term rally before crap goes down on the 1st.
We'll see, but I think the 1st is more news that isn't as big of a problem as people are making it. But I, too, am hoping we can clear that 1.85 and don't just tap it and then fall back down. As long as people don't sell out at the 1.85 we should be fine.
I agree that the 1st isn't that big of a deal but the masses may not realize that and we may have more emotional trading due to it.
that's very true. if that's the case, it will present some more buying opportunities in the crypto realm. I think, long term, it's very bullish.
Looks like it is going up.
STEEM On!!
https://steemit.com/steemit/@davebrewer/opioid-crisis-in-america-is-growing-exponentially-here-s-one-way-our-steemit-community-can-take-action
I'm very excited about all of this! Hopefully great things to come for everyone!
up down,up down thats steem for you hope it gets better .