Is STEEM (STEEM/BTC) running out of steam ?
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 !!!
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 !!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.