$STEEM recently bounced on fib786. I will watch if it now manages to break descending channel. I believe the long term trend will be maintained (purple line).
In a shorter timeframe, we have to watch if the short term support (pink line) holds. From there I see it either going straight up (green arrow) or back down to retest trending support before (orange arrow).
Volume is good and project fundamentals are solid.
This is a long term trade.
Entries :
- If short term trend holds (green) ~0.00037
- If not (orange), then ~0.00030
In a shorter timeframe, we have to watch if the short term support (pink line) holds. From there I see it either going straight up (green arrow) or back down to retest trending support before (orange arrow).
Volume is good and project fundamentals are solid.
This is a long term trade.
Entries :
- If short term trend holds (green) ~0.00037
- If not (orange), then ~0.00030
Trade active:
Entered buying a small dip at 0.00035001