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STEEM Analysis [UPDATE 21-05-2018]
Scenario casting two possible moves for STEEMUSD.
Currently forming a nice break out pattern with a smaller breakout pattern formed at the top of trend line. This further squeezing is normally is a very bullish indicator of an impending breakout to the upside. However, it appears that there is no buying momentum to break out now, which will more than likely result in a spill further down. Should this be the case, we can expect consolidation near the key $3 level.
There is a head and shoulders pattern that isn't the clearest, but on completion would target $1.50. At this stage, the bearish scenario looks more probable and provides the greater risk/reward should you decide to trade.
On the flipside, should STEEMUSD break out to the upside, we can expect a re-test of the $4 area.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Currently forming a nice break out pattern with a smaller breakout pattern formed at the top of trend line. This further squeezing is normally is a very bullish indicator of an impending breakout to the upside. However, it appears that there is no buying momentum to break out now, which will more than likely result in a spill further down. Should this be the case, we can expect consolidation near the key $3 level.
There is a head and shoulders pattern that isn't the clearest, but on completion would target $1.50. At this stage, the bearish scenario looks more probable and provides the greater risk/reward should you decide to trade.
On the flipside, should STEEMUSD break out to the upside, we can expect a re-test of the $4 area.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Not
Tricky dicky. False break out the top. Marginally higher high = BearishNot
Classic manipulation at its best. Expect price to reach target at $1.50
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.