Steem is in the period of consolidation around the 1.00 level

in #cryptocurrency6 years ago (edited)

Caution! This is not trade recommendation. This is just my view!!!

This is a little premature to invest in Steem. But the situation has stabilized.
Steem is consolidated around 1.0 USD level. And I don't see any strong selling pressure. So this is the first reason to look for buy in this zone. But it's a bit early.

Daily chart

Steem_daily.jpg

support 0.8
ressistance 1.05

Weekly chart

Steem_Weekly.jpg

If i were more risky investor, i would have already bought this currency.
But I should wait for more obvious signals. These are consolidation above 1.05 and then consolidation about 1.8-2.0
There is no reason to be in a hurry, the market will necessarily give an opportunity to make money.

Thank you for reading!

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good post hi I follow you follow and vote back me

Hey hi @alexanderkalitin
I agree with your views....
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