STEEM Chart Analysis & Early August Prediction

in #steem6 years ago

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Welcome to BitCast! Tonight let’s peak into the near future of STEEM, with the price of #bitcoin going up I can see STEEM set to follow. So let’s dive into this chart shall we.

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I set the support & resistance lines, I also threw in a ghost feed explaining where I think in #btc the steem price is going to be. I can see it hitting 0.0002000 sats by the 29th, it’s going to bounce off the 0.0001850 sats support and catapult up to around 0.0002100 sats. As you can see I have another bounce occurring at the 0.0002 sats support, bringing it into a possible breakout around 0.0002293 sats or in USD with BTC At $8,200 around $1.88 ! What are your thoughts on this chart? , please comment below ⤵️
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Upvoted and resteemed

I could see it happening easily. $1.88 sounds realistic compared to all the '$4 by mid August' predictions I see.
Upvoted and smashed the resteem button.

Your 0.01 STEEM has been sent ! You also earned 2.0 rRs points!

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Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
BCHBitcoin Cash807.765$-3.9%-1.3%
BTCBitcoin8013.280$-2.86%7.68%
ETHEthereum467.246$-1.83%-0.09%
LTCLitecoin84.899$-2.81%-1.92%
STEEMSteem1.480$-0.59%-2.88%