**Analysis Summary: **
Hi Friends, Welcome to this Analysis of STEEM/BTC,
We can see that STEEM is still moving inside an expanding wedge and overall outlook is still bullish as I said in my last post; however there is a new important development in the chart that I would like to discuss here.
STEEM has formed a Bearish flag which I have highlighted in my chart, So A fall is expected but I think this will be short term sentiment because BTC is falling rapidly as well as I have post in my earlier post, MACD and volume also look to support this short term fall so far.
When STEEM will break down below this flag I think there are two supports waiting down there, one is EMA50 and other is 23.8% Retrace, Hopefully they can pull steem back in its upward trajectory.
Based on these evidences it can be said that the Steem is going to face some fall but it will soon return to its upward trajectory.
I will keep you guys Posted for further developments in the chart,
Till then Goodbye and Best of Luck to You People.
Patience is the key to success
Legal Disclaimer: The Analysis posted here is personal view of author and not meant to be an investment advice. Nothing can be sure. any kind of analysis is predictions based on past moments
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