ironsheik

STEEM Falling Wedge

ironsheik Updated   
POLONIEX:STEEMBTC   STEEM / Bitcoin
Looks like a falling wedge. Price is bearish at the moment, so i think it will move along the channel, and later this month or august we will see a breakout. Look for entry closer to the end of the wedge.

There's a lot of uncertainty right now with the Bitcoin Aug.1 announcement that will likely affect altcoins.

We are in risky times, so be careful making trades.

When in doubt... HODL
Comment:
Broke support... lets see it test next support at 39k
Comment:
Bounced off the 39 should see it hit 60k soon if BTC doesn't fall too much
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.