The 4th day of consolidation, are the bears taking a break to recover energy or are they exhausted from the push ? Both day and weekly time frame candles hovering on to the red dotted longer term support trend line. There's still room for downward push till bottom of the green channel then awaits the breakout further south either from green channel or the extended head and shoulder pattern. Possibility of short bounce downwards till it hit the next major price marker around the previous lows of 5800 zone (purple line intersection with the green downward channel) which is make the RSI head into oversold zone again and trigger orders.
Short term moving average : still downtrend
RSI : -
Depth Chart : new wall around 6000 | bear volume weaken
Long Term MA : 100 crossed 150, 50 crossed 200
Weekly Timeframe : still downtrend, candle still hovering on red dotted trend line
Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
Why you should consider using Minnowbooster to earn active/passive income on steemit
- Upvote selling : Earn 85% of the payment when someone buy your upvotes via minnowbooster upvote selling service. Good to use if you want to maximise your voting power charge or when you’re traveling or not gonna be active on steemit for awhile. Similar earning % to smartsteem.
- SP delegation : Earn passively by delegating your spare SP to minnowbooster, return at about Similar to smartsteem
- DLM (Delegation Leasing Market) - Not enough SP, bandwidth issue, one of the solution is rent SP from others via DLM by paying someone else steem. Excess SP, you can lease out your SP on DLM and earn steem ranging from 20~40% APR.
- Get 1.5% referral rewards when someone start using it via your link. Start now using the link below👇🏼CLICK HERE👇🏼https://www.minnowbooster.com/referral/664220
Why you should consider using steemit via busy.org platform.
For awesome feature such as
- Notification bell system : get notification alert when someone mention you in post or comment
- Slider options for account below 500 SP
- Clean and easier to read interface with filters on different activities
- Get free upvote from busy.org daily when you use ‘busy' tag in your post topic
- Get referral rewards when someone start using it via your link.
Just login and enable it via steemconnect using this link
👇🏼CLICK HERE👇🏼
https://busy.org/i/@onepercentbetter
Why you should consider using Smartsteem ?
- Offer 85% of the payment received when you sell your upvotes
abt 0.061% / day [1.83%/mth] ROI + curation SP rewards) minnowbooster now offers the same 85%
**NOTE : ROI percentage changes as the price of steem changes - Delegate your SP via smartsteem (abt 0.067% / day [ 2.01%/mth] ROI in SBD ) almost similar to minnowbooster.
**NOTE : ROI percentage changes as the price of steem changes - Get 0.5% referral rewards when someone start using it via your link.
Start now using the link below👇🏼CLICK HERE👇🏼
https://smartsteem.com?r=onepercentbetter
Wee should see better prices and bull run before Consensus 2018 in NYC.