$STEEM, Ascending Triangle…

2 thg 7, 2018

Weekly
Looking at our highest timeframe we see STEEM has formed an ascending triangle on our trend timeframe. Stochastic RSI showing momentum has almost bottomed out, expecting a push towards 35000 within the next couple of days.


4Hour
Shifting straight to our trigger timeframe we see price was rejected by our 28000 resistance zone. Stochastic RSI showing momentum is heading towards the downside, support level at 23750. A 4hour close above 26000 activates our buy trade, a close below 23750 and expect STEEM to fall towards 20000