Hey friends,
I just wanted to give a quick update on what might happen today or starting tomorrow morning. #Steem is very likely to move out the descending wedge which will indeed create a new move and I'm really hoping that it will be towards the moon, joke aside, I hope it will regain its last support level which was around 6296 satoshis and a test to its last monthly support level around 8800 satoshis would sustain its recovery in the mid term, a failure to gain those levels will most likely end up in a further fall and decrease in value.
Trading view post for tracking
Apart from my excitement about how my analysis have been very accurate since the first one (you can hover the red dots in #tradingview link and see the comments or check my profile to see each analysis separately).
Everything is pumping and good news are thriving as well making it a very good foundation for a long term growth. Both #SBD and #STEEM should increase and if you are a #SBD holder I would of trade at least 50% to #steem now that is cheap and is not likely to see this ration of 0.35 in a long term.
Posts that might interest you
- Which token should I chart and trade?
- #DOGE need to recover weekly level and then move up
- #Litecoin #LTC analysis
- Thoughts on steemit, projects and communities
- Descending wedge should break in the 3 coming days
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