Steem Price Analysis #1 - 4 different bullish views (1. Falling Wedge - 2. Breakout Scenario - 3. Trend line support - 4. Renko)

Here are four different ways to look at the Steem price at the moment.

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FIRST VIEW: Bullish trend continuation?
Bullish breakout of the Falling Wedge Formation would signal further STEEM strength.

Daily Chart

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SECOND VIEW: Consolidation pattern
Bullish breakout of the current range could allow to aim for 1060 region allowing a 1:1 risk reward, if stop is placed around range bottom.

2h Chart

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THIRD VIEW: Another trend line bounce?
The support of the line is currently at around 806, the lower support at around 700.

Daily Chart

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FOURTH VIEW: Renko Chart

Steem on STEEM/BTC? Renko view suggests further strength but also indicates a pullback then, once more, could be initiated.

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What is your view on the price? Any bearish setups at hand?

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The provided information is for informational purposes only. Unless otherwise specifically stated, any opinions or views expressed are solely those of the author. The article should not be considered a financial advice. Before deciding to participate in markets, you should carefully consider your objectives, level of experience objectives and risk appetite. Do not invest money you cannot afford to lose. I disclaim any liability if the information, commentary, analysis, opinion result in any losses, prove to be inaccurate, incomplete or unreliable.