Would I buy STEEM now? I may not. Why?

Jan 31, 2018

Hello Friends,

Here is the analysis of Steem, get to know the best analysis from Maheswar.

Looking at the daily chart, we can see the formation of rising wedge and Giant triangle. The price is moving very well in the wedge and it suggests that price can break downside on the corner of the wedge to the target of the support. Well, it would take its own course of time.

Note : Entire analysis would go invalid when the price breaks the wedge/triangle upside decisively.

The price could move to the 0.0062000 levels and fall towards the support: 0.00012600. We have good resistance at 0.0062000 because of the Triangle and Rising wedge resistance.

So I would not enter trade STEEM or stay away for sometime.

BITCOIN BITCOIN XXDN XEM ADA IICX TTRON TRX XEL EXP ETC SC SSTEEM

Feb 2, 2018

Note

Close below 0.00045000 is the first weakness.

Feb 7, 2018

Note

Price is falling down.

Feb 16, 2018

Note

Still, our analysis holds good.

Feb 23, 2018

Note

It was a successful short so far. Congrats on 50% profit.

Mar 10, 2018

Note

We had very nice downside, well in every alts. Only few survived.

Target closed.

Mar 10, 2018

Trade closed: target reached

Trade closed.