STEEM broke out of its channel on high volume and rejected the fib golden ratio (61.8%).
I expect it to retest and break it, from there we have a lot of resistance in the 1.2-1.3 area.
If we break it, our targets are the recent high at 1.44, then 2, 2.3, 2.6, 2.88 and 3.8
Support is at 1 and 0.94
Any questions?
Good luck traders
Remember not to break your rules
Habib
I expect it to retest and break it, from there we have a lot of resistance in the 1.2-1.3 area.
If we break it, our targets are the recent high at 1.44, then 2, 2.3, 2.6, 2.88 and 3.8
Support is at 1 and 0.94
Any questions?
Good luck traders
Remember not to break your rules
Habib
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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.