In the morning today reviewing the data for my first analysis of the day, I have put the eye to Steem and is that it is currently in one of its lowest points for a long time. But in the last hours it has a particularity that makes it stand out among the other cryptocurrencies.
This is currently trapped between two bearish tendendia barriers and right now it is approaching the peak of that triangle, which indicates that this will soon be triggered breaking that downtrend. Although it has been well below EMA 200 in recent days with this last bounce proposes 2 options.
1 ) It will rise up breaking the upper short barrier (white line) and look for new supports.
This serial the first one in which could break the barrier mentioned above approximately at 2.30 USD $, That would be the critical point for investors and people who have Steem in their purse today.
2 ) It will rise again bouncing back into the upper bearish barrier (White Line) and maintain a harmonic pattern by completing its Elliot Waves.
In this case raised would be a good opportunity for investors but there will be a pre-established point that is, we would expect that the Steem touched the upper bearish barrier and withdraw the investment to maximize profits in some way or another this would be increasing its value but in the second case the investment could take approximately 2 months while in the first case it would take only 3 to 4 weeks.
Personal recommendation for investors:
Wait and observe closely their behavior in the following hours, while continuing to dive not to immerse. Just show a change of trend you have to put on your pants and make your best offer.
Although I am giving this recommendation in short, do not invest if you think you need the money in less than 2 weeks.
Do not withdraw from the investment with the first change of trend, I remind you that in this volatile market you have to have nerves of steel.
Disclaimer legal, I am not a financial advisor, do your own due diligence when investing in cryptocurrencies. This is just my speculative opinion.