Hi, Current move looks exactly like the one we had 2 months ago. The difference is, it touched 0.6 fibonacci now, and 2 months back it hit 0.78. That means there are two possibilities:
1. It will either slide a bit down in the coming 1-2 weeks time frame and then it will start growing again
2. It will start uptrend very soon, reacting to yesterday's slide
Target is 0.00011
It's very realistic in my opinion, knowing that a lot of people bought STEEM at the price of 3-4 $ and current level is 1.5$.
1. It will either slide a bit down in the coming 1-2 weeks time frame and then it will start growing again
2. It will start uptrend very soon, reacting to yesterday's slide
Target is 0.00011
It's very realistic in my opinion, knowing that a lot of people bought STEEM at the price of 3-4 $ and current level is 1.5$.
Note
That was crazy day yesterday!! Bitcoin made wild runs down and up and it affected STEEM a lot. I'm glad that it kept over the resistance and tested it second time, then bounced up again. My take on the next moves will be consolidation around 0.00005 - 0.00006, and finally move up to 0.00011, let's see what happens. Note
Currently we bounced up again from the support and we're heading north. We will see if trend continues. I see nice and clear double bottom. We need now growing volume to push price up. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.