Steem (Cryptocurrency)
SMT Mainnet coming on March 24th$Steem March 24 is the release date of the SMT Mainnet, while I don't think this is a big catalyst. I would expect some action. Currently symmetrical triangle in play, I would expect it to test upper trendline in the following days. Targets on the chart #Steem
Update on $STEEM. Forecast worked flawlesly. First target already met and we are 20 days from the SMT Mainnet Release. Over 25% in profit. I will lock some profits here and see if price retraces or keeps running up. Both MACD & RSI are bullish. Volume looks strong for now #STEEM
4HR Bullish Setup on MITHBTC - Mithril I'm looking for a bullish bounce on MITHBTC as were back in the same price channel before it ripped up to 1315 from a low of 944.
We pulled back from 1315 and made a higher low at 946 so the bulls need to defend the 950 sat range in order to breakout of the downtrend.
Daily 50SMA - 1294 & Squeezing in on the price, short term targets of 1150 - 1300 - 1441 & 1712 <-- .386 fib retrace
As it sits around .038 cents it might be trading at a bargain so keep an eye out.
All in all I like Mithril's website and utilization of social mining, asset management and the merchant network.
PT .25 cents - $1 by 2020
mith.io
Social Mining is an all-new mining concept that Mithril has created with the intention to reward all content creators. On platforms that supports social mining, users can acquire MITH through producing and uploading content as well as interacting with other users.
Mithril aims to construct a comprehensive ecosystem that revolves around MITH. Users will be able to acquire MITH through social mining, manage their assets effortlessly and further spend MITH in various real-life scenarios.
Prices as of 2/19/19
coinmarketcap.com
Market Cap
$19,491,274 USD
4,924 BTC
133,049 ETH
Volume (24h)
$3,416,609 USD
863.05 BTC
23,322 ETH
Circulating Supply
506,881,576 MITH
Total Supply
1,000,000,000 MITH
Daily Chart with Fibonacci Retracements
STEEMUSD Big Buy SignalPattern: Channel Up on 1D.
Signal: Bullish coming off a Higher Low.
Target: 0.56000 (estimated Higher High and Resistance).
STEEM - SYMMETRICAL TRIANGLE - > SHORT AND LONGSteem is ranging in the symmetrical triangle.
We can expect downward movement in direction of wave E and then up according to relevant conditions in that time.
Short target is marked on the chart and long either in case we will stay at the edge of the lower triangle line with bounce.
Good luck !
STEEM seems ready to break above 10000If it does 16000 is the goal according to a few friendly whales
I am not in because i am trapped and i exited @ 8350 a while ago.
I am waiting a hopeful retracement to 7800 that never seems to come.
There are a shitload of dApps being made (without smart contracts) and an exchange will be released soon for those dapps.
They are giving away free tokens everywhere.
STEEMBTC Long1-Technical analysis:
#Classic Analysis: Price in strong support based on long term
down trend line’s breakout
2-Position details:
*Entry: Trigger in buy zone
*Stop loss= 0.00005755-0.00006064
*Take profit 1=0.00013311-0.00013805
*Take profit 2=0.00018801-0.00020189
*Take profit 3=0.00028762-0.00029718
*Profit/Loss ratio= 2/5 minimum (based on TP1)
4 Days left for Steem to make a new movementSteem started a descending trend channel from Jan 24th and it finished on Feb 1st, after it started moving within a wedge that has been tested and rejected for both support and resistance. The key level and timeframe is 4 days for it to move above or below the 8100 satoshis level, any break moving above the resistance will head towards the 880 weekly low level tat was created on Dec 22nd and it will probably keep moving within the weekly low level and the monthly of 9365 satoshis level. A move below the support level it will test the 6582 satoshis monthly level, for it to create a new movement. I'm hoping the move will close towards the recovery soon and probably make a 10% increase in a few weeks from now.
#STEEM short analysisCurrently #steem is moving within a newly created channel that holds resistance at 8800 satoshis level and supports lay somewhere near 8350 satoshis level. The monthly resistance level is at 9350 satoshis making this a very nice level to watch and if it manages to make it through it touching the trend line formed from previous moves around the 10000 satoshis level the next target will be the weekly level of 11000 satoshis.