Sounds awesome and horrific in the same time eh..
just looking into steem/btc chart moving closer in the edge of descending triangle.
interesting what will happen..
from indicators seems oversold in daily RSI and stochastic RSI
and bullish divergence is sighted within MACD and Price action...
awesome.. but keep in mind this asset didnt have big liquidity as...
Sounds awesome and horrific in the same time eh..
just looking into steem/btc chart moving closer in the edge of descending triangle.
interesting what will happen..
from indicators seems oversold in daily RSI and stochastic RSI
and bullish divergence is sighted within MACD and Price action...
awesome.. but keep in mind this asset didnt have big liquidity as...
This is a longer term trade assuming BTC stays bullish
As you can see STEEM follows BTC very closely. That blue area is the BTC chart.
Accumulate STEEM between 2515 - 2200
Stoploss 2052
Short term SnR trade for STEEM with 3.10% gain on capital deployed.
One can go for trade even with no stop loss cause it will give one profitable exit for sure.
STEEM has had a great rally this past week, with BTC rallying, Its time for the alts to consolidate and bottom out before the new alt season. STEEM is expected to fall back to the 33-35k sats support region before its next rally.
