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Steem (Cryptocurrency)

#STEEM moving back to 8800 satoshis, D day April 30thAfter breaking the descending wedge and now the target support level is around 8800 satoshis. After that there are 2 options that will logically follow this move, either breaking the trend line by April the 30th which will probably create a new wedge towards the upper resistance level or we will be able to experience another low support level that will be formed with the previous daily levels. On the other hand moving up will look at testing the monthly level around 11k satoshis and then moving at the next level which will be 13k satoshis.
Short
by raserrano
STEEM trade set up?Got my eyes on some STEEM at the moment, its had a great few months spitting out some great trading opportunities and confirming these supply levels already. We can see supply created back in November last year with the drop out of that large consolidation area before the market made a decision, this was acting as a solid resistance for the past 5 months so far with a few attempts are trying to break with very low volume so not really having the grunt to bust down those layers...it just wasnt ready. However over the past month we have been building a nice steady up trend and the last impulsive push managed to break that supply zone now opening us up to the possibility to push higher. Its since had a healthy retrace but i believe it has a bit more of a bleed left in it yet and as BTC looks as though its about to make a decision out of this range, we may get a nice low entry so im happy to put some luck dip buys a bit lower and extend my stop loss to give it some room, BUT for the sake of the chart im going to place my stop in a zone thats easy to understand for now just below the 618. This may take some time to play out but its looking like a really nice R/W:R for a descent potential 50% on over all run but there will most likely be a potential to swing the move up. i can see a level of resistance at that last previous top around 1446 and the higher supply around 1621 is my current area of interest although i will be trading this for a month or so unless of course it delivers the goods much quicker :) CCI has some time to settle but still room to go for another run soon, and volume although retraced on the price action is still climbing well which gives me confidence in this having the legs to run up. will keep this one updated over the next 2-4 weeks.
Long
by Unity-Trading-Group
Steem, where will it move next?It is currently in a descending wedge which in my opinion will test support level and looking at possible dates it might happen end next week closing on March 31st where the 11k satoshis level will be tested and rejected and continue moving along the wedge. New move will probably happen before April 13th where the long running descending wedge will no longer be valid or will have to be adjusted if there is no break above or below the support and resistant levels.
Short
by raserrano
STEEM-BTC Long Trade PlanCommodity : STEEM Trade Type : LONG Trading Against : BITCOIN Entries : Double-UP Entries throughout the Buy Zone Profit Taking : 25% at each TP point Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on Duration - 1-4 weeks Investment in trade : 5% of the total Trading Balance. Prospective Profit : 14% to 46% Prospective Loss : 9% RRR : SL to TP1 is 1.5, SL to TP2 is 2.6 , SL to TP3 is 3.7 and SL to TP4 is 4.8 Buy Zone/TPs/SL price points are marked in the chart as follows Greens - Profit Targets (TPs) Blue - Buy Zone (Entries) Red - Stop Loss (SL)
Long
by CryptoTherapist
STEEM . The BULL within the BEARMarch 12 2019 Current Price $0.53 .60 Resistance .33 Support Macro Daily Bullish Descending Wedge. Long Downtrend pressure going back to September of last year. Recent Uptrend Recovery from Bearish Crypto WInter Lows. However, Bulls have overperformed. Oscillators are overbought. Price extended beyond the Bullish channel. What's next? I dunno. Maybe a range between 60 and 30 cents for a while. Or pressure builds in the descending wedge and a bullish breakout to the upside targets of $0.88. Final thoughts. No expectations. It's just something to keep an eye on. Steem Back Dollars continue to stay close to dollar parity. Steem however doesn't appear ready to do more than range for a while. If one is thinking of cashing in to pay bills, now might not be a bad time unless one is convinced price will continue it's multi day bull run another 30%.
POLONIEX:STEEMUSD
by allthemoneys
1