#Steem Chart - Introducing the 550/500 dMA's
Sufficient data to work with
Having now got sufficient data to work with I have pulled the #dMAmapping⇗⇗⇗⇗⇗⇗ for #Steem as far back as I can and have introduced the 550/500 dMA's.
I wanted to pull back the dMA's to their limits in order to present a clearer picture of the Long Term Bullish Pattern for #Steem.
By pulling the moving averages way back to 550/500 dMA's I also wanted to highlight the importance of the $0.85 price which I have recently talked about.
The trigger point of $0.85 is a very important number and as you will see below, the 550/500 dMA's both sit sequentially below it and in a rising formation.
#Steem Price Chart
#Steem #dMAmapping⇗⇗⇗⇗⇗⇗ Screen
#Steem triggered a #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert Signal on 10-May-2017 at $0.85.
From triggering the #dMAmapping⇗⇗⇗⇗⇗⇗ buy alert, #Steem has seen a growth of no less than x 1.27 to the current price of $1.08.
With a current Market Capital of approx. $265m and Ranked No.27 in the #CryptoCurrency Market, #Steem has seen an explosive ride these last 6 months.
We maintain a Long Term BULLISH recommendation on #Steem and will continue to monitor the #technicalanalysis over the next few weeks/months.
Thanks again for reading.
Stephen