Hey, I am back with another Trade Idea, this time looking At Steem.
Steem is a Coin at rank 26, that is being used to buy Steem Power on steemit.
That means Steem Coin has a real usage, which just adds to Value of this Coin.
Steem power is provided by the number of coins not by the value of coin, which is good for the price.
Okay, that was short Fundamental, now lets take a look at Chart.
On the Chart, you can see that rounding bottom pattern is forming.
Steem can have trouble breaking 46,000 sat which would lead to Cup and Handle breakout Pattern.
Green Line - Support, Red - Ressistance.
Taking look at Indicators.
MACD giving buy signal, with few buyers coming not much sellers can be seen.
RSI has found its support and ressistance which is great! Currently in Extra bullish mode.
Volume is Really Low compared to Februar Volume, which can lead to huge breakout.
I guess thats about it, I like to keep it Simple.
Hope I made your view on whats going on with Steem somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
Steem is a Coin at rank 26, that is being used to buy Steem Power on steemit.
That means Steem Coin has a real usage, which just adds to Value of this Coin.
Steem power is provided by the number of coins not by the value of coin, which is good for the price.
Okay, that was short Fundamental, now lets take a look at Chart.
On the Chart, you can see that rounding bottom pattern is forming.
Steem can have trouble breaking 46,000 sat which would lead to Cup and Handle breakout Pattern.
Green Line - Support, Red - Ressistance.
Taking look at Indicators.
MACD giving buy signal, with few buyers coming not much sellers can be seen.
RSI has found its support and ressistance which is great! Currently in Extra bullish mode.
Volume is Really Low compared to Februar Volume, which can lead to huge breakout.
I guess thats about it, I like to keep it Simple.
Hope I made your view on whats going on with Steem somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!