STEEM - Finishing the M pattern

[cryptopassion]

Hello all,

Here is the chart of yesterday :

Here is the current chart :

The STEEM is still finishing the M pattern and we need to see what will be the reaction of the market after that one. We are in the middle of 2 main lines (resistance line (red) and support line (orange)). This is the worst position in a chart to give a prediction as it is 50/50. I still think that we will test the 1$ level soon because this is an objective of many shorters for the STEEM. However, a bounce on the BTC could give us fresh air during some days. Let's wait friends and see what the market want to give us.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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Comments

[healthiswealth]

Great break down.

[jang]

[masscollective]

A little bit of that mass adoption would be nice

[viraldrome]

average post payout is 4 cents, mass adoption will never happen

[masscollective]

Sad news..

[viraldrome]

I don't know how to convince people to join when the front page is all people who bought votes, I shouldn't say that, I got people to join but they all quit when they learned the truth about steemit.

[masscollective]

I feel you. I got a couple people to join when I did. I too even got unmotivated by the fuckery that has been going on. My page's growth has been slow but I try to be active from time to time.

[binoy2018]

good analysis and nice concept sir thanks for share..

[numberjocky]

I have a feeling we are near the bottom!

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