After breaking this downtrend line we are seeing some continued bullmoves. Good for us, because STEEM an SBD are following like the rest of the altcoin market.
The count is not very clear yet, as there are many ways to count this recent upmove, but I still wanna show you the one that fits best in my opinion:
We are likely going to see a big retrace in blue wave 2, which will confirm the uptrend.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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