Steem has 3 distinct units: Steem, which can be bought and sold in the market -Steem Power, which cannot be sold for 2 years -Steem Dollar, which can be converted into Steem or Steem Power Steemit is a social platform which attracts people that learn to use Steem . A fast and easy way to analyze Cryptocurrencies Technical analysis gauges display real-time ratings for the selected timeframes. The summary for Steem / Bitcoin is based on the most popular technical . STEEM/BTC -This coin is back at previous Swing Low located at sat range -This area of support was previously a resistance zone -Today, can STEEM confirm this area as still a valid Key support? -Well, there is a chance if STEEM .
Tradingview steem btcTechnical Analysis of Steem / Bitcoin (BINANCE:STEEMBTC) — TradingView
I am watching this like a hawk and waiting for a break in support with a 4 hour candle conformation followed by a bullish engulfing. Please Go Through Chart!!! Happy Trading!!! As we can see, steem did a huge pump, well played if you took it.
Now, we can obviously see too that steem price is at this moment a mid term trend who can be used as a mid term support. I didnt put any objective or target, because in my opinion this coin is just another pump and dump It seems that Steem pulled a flat pattern during this bear market. Completely under the radar coin, for now.
A 30 X to reach new ATH seems possible. If the fractal movement occurs, the fibo level drawn between It climbed in a clear 5-wave impulse if you look at it in a Weekly Logarithmic Chart, which I did. First idea. Hope you like it. Most have left it for dead, but assets that are hated, oversold on long time frames, and in a weekly uptrend are always buy candidates for me. Fundamental value in the crypto space is always questionable, and I can't tell you whether the STEEM project is going to meet their lofty As you may have seen, Jack Dorsey - CEO of Twitter and Square - recently put out a thread on twitter talking about his plans for a decentralized social media standard.
You can view that thread here: twitter. From here we will see a run to the 0. I see consolation coming between A long term wedge looks to break sideways, expect upward trend.
First touch will most likely reject the level, sell at that point and buy back lower, second attempt will look to gain that support. After which it will target the next level. If it fails again we could see it return to the established support in the current channels. Going to watch this for the next few days as consolidation progresses Unless of course BTC does its thing and sends it too the moon in a shorter timeframe. Good buy zone range down to the 0 fib imo. Please immediately take into account, this is only my own opinion!
At this site, we see a descending wedge, this is a fairly rare figure - a figure of a fracture of the trend. We see the dying volume of trades during the formation of the figure, this indicates that the number of players who act in the direction of the previous trend is decreasing. STEEM allready made a good run 7 days ago. Now allready on new track. Have some good potencial there.
It should be good enough to push some more We should now start to see money coming back into altcoins again and I think STEEM is ready to make the next impulse up. I personally think that it will become a legitimate threat to Facebook and Twitter and will spearhead the next generation in