STEEM Technical Analysis: 3-3-5 Flat correction on going

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4 days ago I wrote about the two following scenarios, one bullish and one bearish:


Well, seems that the second one, the bearish, is on going:

  • STEEM is currently tracing the wave (c) on green.
  • I'm expecting a deeper fall, possibly searching and touching the the Lower Trending-line support on which I expect a reaction of the market, defining a clear bullish or bearish cycle.

We are suffering a very long correction, I have the feeling that maybe we are entering right now in a period of stabilisation, as it happened between the end of July and October last year:

The duration of this period would be uncertain but what is clear is that soon or later STEEM is going to rise ;-).

In front of that scenario, the only way is to HODL.

Just Dream and Enjoy Cryptoland!


toofasteddie@toofasteddie


*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.

STEEM Technical Analysis: 3-3-5 Flat correction on going | Ecency