Hello Steemers!
Technical Analysis update
steem/btc is in the up-swing channel
The Steem/Btc is trading at new month high for the pair . the support channel is strong with increasing volume . If you look at the the fundamental picture got great today with up-trend and high expectations.
The Last price action and up-Swing Trend Patterns have probability of continuing upways and you are looking at BreakUps & breakdowns through the swing movement .
the high volume moves the swing price inside the up-channels is something that you may already see it - .
This up-trend channel provides support - resistance and some small price action zones.
The up-trend is fortified by levels of support ,creating the foundation for a Trade system , if the price break of the channels , Depending on price action you can apply this technical analysis of support-resistance . if the price moves extremely significant out of the trend channels and a breakUp or a BreakDown is imminent. ..
I expect the price to go in same direction , The support up-channel is here and price movement have some selling pressure and low volume looking at BreakUps buy & breakdowns sell.
