Our Steem is currently in giant triangle formation. After 5-waves, ABC correction has started. I believe that we're in wave "C" at the moment. Lately another support line occured in this triangle, but Steem failed at his breakout attempt. Buy-in at the bottom triangle support line would be the best option, but the question is if we will fall that low? I will be obsreving steem and will post my updates here. Remember: the best buy in triangle formations are at the bottom, or at the breakout, when price will fall again and upper resistance line becomes new support, which green big and pretty candle will confirm.
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
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I’m not a certified financial advisor nor a certified financial analyst nor an economist nor an accountant nor a lawyer. The contents posted by me are for informational and entertainment purposes only. Don follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
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