Don't shoot the messenger, but STEEM has just completed a head-and-shoulders pattern on the chart, thanks to a pump (and dump) surrounding the Tron acquisision several days ago.
Maybe it doesn't signal a coming move down for prices of our cryptocurrency, but periods of higher highs and lows, followed by lower highs and lows, typically aren't a sign of strength. A break below 0.2 could be somewhat ugly. What plays out remains to be seen, of course.
Just something to be aware of. All the best to everyone in the new new era.
DRutter
Posted via Steemleo
As they say, "The honeymoons over."
Posted via Steemleo
I think the weakness will be short lived either way, just like bitcoin's.
Yes, this pattern played out over several days, so any resulting dip would play out over about that amount of time. (So goes the Head & Shoulders pattern theory, anyway.)
Bitcoin heading toward 100k will drag most viable cryptos up, and many will themselves help lead the charge.
Hoping to recover from my 99% loss in purchasing power thanks to STEEM's fall over the past 2 years :)
Shoot him
Shoot me with a big dab right to the dome? If so, I 'shoot' back!
Going to try posting all my financial posts directly from steemleo. May give weedcash a try for all my cannabis posts, too. F Steemit, unless they get their shit together, they're useless to me.
I'm trying to figure out Steempeak ATM