After weeks of continued price decline in the STEEMBTC currency pair, a change to the upside might be at hand. We have seen earlier that a break of the major downtrend line led to some substantial upside. In addition, this time the newly unfolded downtrend line coincides with the 2/1 Gann line, drawn from the high to a significant local low, suggesting the significance of the entire Gann fan. A break of such line indicates a move to the next Gann line, i.e. 3/1.
How soon STEEMBTC reaches this line can only be guessed. In the scenario outlined on the chart there would be a potential profit of 250% and a potential loss of 15-25%. The stop-loss is determined just under the current all time low.
I am not responsible for any loss on your side if you would do this trade, but I sincerely hope this plays out as expected since I am invested myself. ;)
How soon STEEMBTC reaches this line can only be guessed. In the scenario outlined on the chart there would be a potential profit of 250% and a potential loss of 15-25%. The stop-loss is determined just under the current all time low.
I am not responsible for any loss on your side if you would do this trade, but I sincerely hope this plays out as expected since I am invested myself. ;)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.