STEEMBTC - STEEM Found Support, what will it do next?

12 thg 5, 2017

Steem community is growing day by day! I see that it found support at round the 0.618 fib level however I'm still not convinced on the upward trend. I think it's going to either bounce between 0.618 and 0.5 for a couple of days or start to climb. However I'm not expecting substantial growth quickly (which is a good thing!). This would be a good time to buy and wait until it breaks the 0.5 fib level. If it does, I'm expecting it to follow the trend line.

If you're holding or buying short term, set your stops 0.00035 if it decides to dip. Otherwise HOLD...Steem has a lot of potential for growth over time :)
Neutral for now, will update if anything changes!

12 thg 5, 2017

Ghi chú

Also, a lot of rejection above 0.236. So it wasn't ready to go above that fib level. Hopefully soon though

12 thg 5, 2017

Giao dịch đang hoạt động

Just barely broke the 0.5 fib level with forward momentum!

15 thg 5, 2017

Giao dịch đang hoạt động

STEEM fell but the 0.618 fib support held and STEEM is slowly moving upwards. Currently sitting at 0.00042563

15 thg 5, 2017

Ghi chú

Lots of sell orders on Poloniex so I won't be surprised if it drops a bit farther prior to starting another bull run.

18 thg 5, 2017

Ghi chú

Support at 0.618 held! STEEM moved past 0.5 and is continuing to move upward.