My first idea !
1D:
! Previous resistance at 0.0061 tested 3 times!
!! Slightly stretched from KJ (thick blue curve), even more from EMA 50 (thin blue curve) which would suggest a need for correction.
!!! New All time high but Bearish RSI , usually not a good sign
!!!! If we correct, cloud is very thin so we could easily go through and start a strong bearish downtrend with very little support until 0.0025.
My eyes are only looking at the thick green line right now... Let's wait for proper confirmation
Let's look at the 1W
Still under the Ichimoku cloud , too thick to break in my opinion
We need a TS/KJ cross and EMA 20/50 as well.
Looking at the RSI , we're already overbought and about the start the fall.
On the 1D, we have good signs for trend reversal.
Looking at time range, we could break that cloud around June-July to really start going up. Potential for STEEM is huge !!!
I personally believe this will have a positive impact on the price of STEEM. Wise traders and holders will use this opportunity to buy into STEEM and be the first to get at an affordable price which i just did some minutes ago on Bitshares DEX and Binance. My projection for STEEM is $100 for 3 main reasons.
- It is the busiest blockchain in the world
- The price is still at the bottom of the Chart even at the current price of $5+ as seen on Fig 2. although i bought at $0.94
- It becoming more popular as we are beginning spread the word to unaware users
Be the part of a revolutionised internet called the "Blockchain"
looking at the chart below on tradingview.
STEEM/BTC
Bottom price: 9940sat
Current price: 51665sat ( approximately $5)
Target price: 90484sat
2018 is a year of many opportunity for all crypto enthusiasts.
do not be (POOR) Passing Over Opportunities Repeated. take the opportunity to be RICH.
the STEEM POWER ( SP 0.52% ) is in your hand. Use it wisely.