....and it would indicate something good for the price if STEEM wouldn't have so much selling pressure from the wales and from @steemit in particular.
A double Bottom pattern is a Bullish Pattern that usually describes a change in trend and a momentum reversal from prior leading price action. It is normally accompanied for a divergence in some of the technical indicators and this is what we see at RSI indicator on the daily chart:
RSI Indicator:
MACD Indicator:
... as I said, if it was any other ALTCOIN I would not have any doubt to claim BULLISH Action on it but we are talking about STEEM which is being really controlled from those that state that STEEM is a decentralized blockchain....
Will see what happens next...in the meantime, I would try to accumulate as much as possible.
So wait. If I get this right. It will either go up, or down?
It should be go upwards if it would be Litecoin for instance 😂😂😂
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Btw what's that timm thing in your sig? Does it give free upvotes? :P
https://mentormarket.io/about/
I am part of the TIMM mentors team.
Yep... The sell pressure is just nuts
You know the things are bad when double bottom look like a good sign :D
And double bullish divergence in both macd and rsi 😂😂
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I believe the price will remain flat for some time because nothing new happens to justify the rise at the moment.
curated by @adsup a division of @adsactly
Hey! Thanks!!!
Steem has already reach the bottom and the resistance level is strong for now, this is surely the right time to buy more steem and position ourselves for the future @toofasteddie
Possibly, did you buy steem recently?