The Past Big Rise in the Price of Steem Can Begin to Rebuild

in #steem6 years ago

Today, when we were looking at the Steam price chart, we noticed an interesting similarity. As you can see in the chart below, last year the price remained in a triangle. After that, there was a big increase and the price increased by almost 900%. This was a very big and significant upsurge. However, this uptrend did not last long and the downtrend started again. Steem Price has a long steady correction structure and everyone has the same question in fact. What will be price in future?

ste.png

In this analysis I'm just going out of a simple analogy and want to chart your attention again. Nowadays we see a similarity to the triangular correction seen in the chart last year. think we can see a similar upward trend after the falling down band breaks.

If the same similarity is experienced, then the uptrend that will happen is likely to increase by 900%. The price target for this account is $ 27.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs.

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This post has received a 0.63 % upvote from @drotto thanks to: @banjo.