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Steem (Cryptocurrency)

Steem for 100% trade.Hello Friends We had the sell call on Steem, a few days back. You have saved money on it almost 50-60%. Here is the link Now, we are revisiting the STEEM, May be we are trying to catch the bottom :) My conditions are 1) Price is on the support 2) Forming a flag pattern 3) RSI in oversold 4) Price above MA 5 6) MACD crossover 7) Lows are getting closer The above reasons convince me to take a risk, So I would Buy. My Buy zone is 0.00024500 - 0.00027500 Target : 0.00055000 (100-110%) Sl : 0.00023000 (5%) Note: 1) BTC fall can impact the market sentiment and can impact alt price. So keep a watch of the prices and exit on sl hit. 2) No need to wait for the exact Target. You can exit if you feel the market is not in favor. Price below 5 MA is the first sign of negative. Good luck friends. Check my Signature for the Telegram information.
Long
by maheswar81
2
STEEM, STEEM/BTC Just Broken Out! What's Next?As you can see above, STEEM (USD) has just broken out of its long consolidation period and wedge pattern. The bullish divergence in both the RSI and MACD already gave us a sign of a possible reversal coming. The MACD was also in a long consolidation period and wedge as well, STEEM had to break out one way or the other. And since it has already retraced significantly, the breakout would more likely be up then down. Well, we don't have to guess or wait any longer cause the awaited breakout in STEEM has just occurred! But what's next for STEEM now it has just broken out in the short term? Let's take a look. If we take a look from the start of the breakout and the retracement that followed, STEEM bounced nicely off its 12 ema around .0002700 satoshis, which was a previous resistance level as well. So old resistance becomes new support. Also the bounced was between the 0.500 and 0.618 fib. level. These fib. levels are usually good levels for a bounce or support after a wave 1 breakout and a correctional wave 2 if you take the Elliot Wave theory into account: If the correction/wave 2 is done and .0002700 satoshis level is the current/new support level, then we might see STEEM make a wave 3 or another move up again soon. So if you think STEEM is going to make another move up, then this is how you can trade it for a daytrade or a short-term swing trade. Trade Instructions STEEM/BTC (Binance): Buy Zone: .0002700 - .0002850 Profit Targets: 1. .0002998 2. .0003195 3. .0003382 4. .0003552 Stop Loss: .0002595 Leave a comment if you have any questions. And until next time, good luck with your trading!
SLong
by Trade_Masters
Are you in on STEEM??On my one day chart, STEEM has been holding above a long-term support line below the .382 on my fib extension. Remaining in the green channel of my pitchfork for the better part of the last 2 months this coin looks set to see a possible 10-20 percent rise within the next month with potential to rise significantly beyond that if it breaks resistance. Zooming into the four-hour chart the MACD seems about to cross over the centerline reacting well with my pitch fan. Looking at the RSI in the same time frame it seems to be about to bounce from resistance keeping it out of overbought territory. For the last few weeks, the RSI has remained above 25, another indicator that STEEM remains in bullish territory for now.
Long
by theJadeCrow
2
Steem forecasted to reach $12 / $14 by June. Daily MACD Crossed.Steem seems to have formed a symmetrical triangle on the daily chart similar to what is seen on LTC and OMG (please see link below). The conditions of the symmetrical triangle is very common to what was published for LTC 7 OMG. If there is an outbreak to the upside, prices can potentially reach $12 to $14. This should be achieved between June to July as long as BTC keeps moving in the upward direction. MACD on the daily is has crossed over which is a good sign of things to come. The following conditions have been met for the symmetrical triangle. The general trend of Steem is to the upside. We have consolidated in the triangle after a bullish move. The triangle has been formed with 3 points on each side. We can see the volume reducing The triangle has a duration of 3 months starting from January The breakout will be occurring at least 3/4 of the way through the pattern Still waiting for the following. We are still waiting on the breakout direction. We need this to be to the upside for the prediction of $12 to $14 to be achieved. We are still waiting on the breakout confirmation. These are just my opinion. DYOR before using anyone's opinion for trading.
POLONIEX:STEEMUSDLong
by GBBBKSA
Steem forecasted to reach $12 / $14 by June. Daily MACD Crossed.Steem seems to have formed a symmetrical triangle on the daily chart similar to what is seen on LTC and OMG (please see link below). The conditions of the symmetrical triangle is very common to what was published for LTC 7 OMG. If there is an outbreak to the upside, prices can potentially reach $12 to $14. This should be achieved between June to July as long as BTC keeps moving in the upward direction. MACD on the daily is has crossed over which is a good sign of things to come. The following conditions have been met for the symmetrical triangle. 1. The general trend of Steem is to the upside. We have consolidated in the triangle after a bullish move. 2. The triangle has been formed with 3 points on each side. 3. We can see the volume reducing 4. The triangle has a duration of 3 months starting from January 5. The breakout will be occurring at least 3/4 of the way through the pattern Still waiting for the following. 6.We are still waiting on the breakout direction. We need this to be to the upside for the prediction of $12 to $14 to be achieved. 7. We are still waiting on the breakout confirmation. These are just my opinion. DYOR before using anyone's opinion for trading.
POLONIEX:STEEMUSDLong
by GBBBKSA
Dragonfly dojia "dragonfly" doji depicts a day on which prices opened at a high, sold off, and then returned to the opening price. In my experience, dragonflies are fairly infrequent. When they do occur, however, they often resolve bullishly (provided the stock is not already overbought as shown by Bollinger bands and indicators such as stochastics). Here's an example of a dragonfly doji: When assessing a doji, always take careful notice of where the doji occurs. If the security you're examining is still in the early stages of an uptrend or downtrend, then it is unlikely that the doji will mark a top. If you notice a short-term bullish moving average crossover, such as the four-day moving average heading above the nine-day, then it is likely that the doji marks a pause, and not a peak. Similarly, if the doji occurs in the middle of a Bollinger band, then it is likely to signify a pause rather than a reversal of the trend. As significant as the doji is, one should not take action on the doji alone. Always wait for the next candlestick to take trading action. That does not necessarily mean, however, that you need to wait the entire next day. A large gap down, after a doji that climaxed a sustained uptrend, should normally provide a safe shorting opportunity. The best entry time for a short trade would be early in the day after the doji. *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
SLong
by TheWolfOfBinance