STEEM broke out of its channel on high volume and rejected the fib golden ratio (61.8%).
I expect it to retest and break it, from there we have a lot of resistance in the 1.2-1.3 area.
If we break it, our targets are the recent high at 1.44, then 2, 2.3, 2.6, 2.88 and 3.8
Support is at 1 and 0.94
Any questions?
Good luck traders
Remember not to break your rules
Habib
I expect it to retest and break it, from there we have a lot of resistance in the 1.2-1.3 area.
If we break it, our targets are the recent high at 1.44, then 2, 2.3, 2.6, 2.88 and 3.8
Support is at 1 and 0.94
Any questions?
Good luck traders
Remember not to break your rules
Habib