STEEM Bounces | New ATL + Bullish Momentum Developing
Updated
We shared a chart for Steem (STEEMBTC) on the 17-Oct., right after Steem started to grow and hit multiple targets... A strong retrace followed and a new all-time low was hit: 
We can see a fake breakdown as well on the chart above. Support was broken just to see the price move back above it right away... This is a bullish signal and also a signal that points to an upcoming change of trend.
So we are not only looking at hitting multiple targets and then a new low but instead a sustained period of continued growth.
Previous analysis:
The charts are always changing/evolving, what we are seeing now can be completely different in a few weeks or days.
So, remember to have a plan if you decide to trade.
This is not financial advice.
Namaste.
We can see a fake breakdown as well on the chart above. Support was broken just to see the price move back above it right away... This is a bullish signal and also a signal that points to an upcoming change of trend.
So we are not only looking at hitting multiple targets and then a new low but instead a sustained period of continued growth.
Previous analysis:
The charts are always changing/evolving, what we are seeing now can be completely different in a few weeks or days.
So, remember to have a plan if you decide to trade.
This is not financial advice.
Namaste.
Note
TARGET:1) 0.00001950 |Hit 18-Oct. (+15%)
2) 0.00002250 |Hit 19-Oct. (+32%)
3) 0.00002450 |Hit 18-Jan. (+44%)
4) 0.00002750 |Hit 14-Feb. (+62%)
5) 0.00003150 |Hit 18-Mar. (+85%)
6) 0.00003540 |Hit 18-Mar. (+108%)
7) 0.00004030 |Hit 18-Mar. (+137%)
8) 0.00004350 |Hit 18-Mar. (+156%)
9) 0.00004830 |Hit 18-Mar. (+184%)
10) 0.00006110 |Hit 18-Mar. (+259%)
11) 0.00006900 |Hit 18-Mar. (+305%)
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