Good levels for long positions on steemI think Steem is an underrated coin. I'll keep buy it and this is great time to buy it )
Steem (Cryptocurrency)
STEEM BTC Pairing and short term gainsWe are now seeing Steem at its bottom, this is the lowest Steem has been since summer (May,June & July 2016).
Short term we will see a retest of the 0.00001094 BTC level, we should break above this level as well as the 50 MA.
From here we will see a run to the 0.0001242 level which has been support for the past few months.
I see consolation coming between these two levels before a possible breakout above the volume well and a test of the 0.0001547 residence
$STEEM, We Have All Expectations…
Weekly
Looking at our trend timeframe we see price continuing to respect out downtrend, with no signs of reversal. Stochastic RSI showing momentum is in favor of bears with another potential drop ahead of us. Last time we were at this price was back in November of last year where we saw a run from 11400 up to 55000. Will watch smaller timeframe for entry, do we get a Q4 repeat?
Daily
Shifting over to our pattern timeframe we see price has found resistance at 12000, and support at 11000. Stochastic RSI showing momentum is in favor of bears, a daily close below 11000 and expect a sell off towards our next major support zone. However if we see a daily close above 12000 expect a push towards 18000.
STEEM Short Term A long term wedge looks to break sideways, expect upward trend. First touch will most likely reject the level, sell at that point and buy back lower, second attempt will look to gain that support. After which it will target the next level. If it fails again we could see it return to the established support in the current channels.
STEEM is Ready for BIG Rally. 13-40% Profit Expected in ST.DONT FORGET TO LIKE THIS ANALYSIS
Chart Duration - 4H STEEM/BITCOIN BINANCE
RISK LEVEL: 3/10 (Less means, Less risk)
Key Points
1. Bottomed out at 11820 SAT Key level from where it jumps back heavily. Excellent buying zone (check 18 sept 2018) 11820 strong resistance if broken good sign.
2. Fibonacci on 4H, touched 127.2 FIB, 127 is always a good reversal point.
3. RSI very good around 30-35 (OVERSOLD)
4. MACD good buying signal
5. MFI money flow in
6. STOCH - reversal expected.
7. Good fundamentals - twitter.com
8. SteemFest Global Gathering
9. TestNet 15.1.18 Steem Smart Media Tokens
BUYING ENTRY : 11400-12000 (Buy in Parts)
SELL TARGETS : 12730-13200-14290-15000-16700
STOP LOSS : 11000
Recommedation : Focus more on first 3 targets if short term, if long term holder wait for big targets
Time to reach Targets: 1-2 Weeks for 1st 3 Targets & 3-4 weeks for rest of the targets.
RISK WARNING: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Open4profit will make best efforts to bring profitable signals, but will not be responsible for your investment losses or profit.
STEEMBTCSTEEMBTC , time to rise
U can buy it from this price and wait the two targets on the chart , or U can wait till the price break the down trend line .
If the price can't break the down trend line it can go more down and break the new support line , In this case you can wait and buy more from 1085 - 1075
good luck traders
STEEM is ready for a moon ride!Steem is looking very bullish, an upcoming AB and C wave is on the way!
With the upcoming news as well: 07 November 2018
SteemFest 3
SteemFest 3, the third global Annual Steemit gathering, will take place in Krakow, Poland from Nov 7-11.
15 January 2019
TestNet Release
Steem Smart Media Tokens (SMT) TestNet release.
Expecting very good returns: Buying 0.000120-130 with a stop loss of 0.000115
Selling targets: 0.000145-177-210-255-333+
STEEMBTCSTEEM is drawing funny patterns. Since sentiment is turning bullish more and more, here's my trade idea for it.
Entry at retest just above 12k support with narrow stop loss (just bellow 0.786 Fib retracement level) with three main targets - 0.618 retracement level of last drop, previous high and 1.272 extension.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
STEEM Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
Looks Good? Leave a like and share.
Thanks for visiting.