An Ascending Triangle, on which there is a Flat Resistance and at least two reaction lows forming the lower ascending trend line is in general terms a BULLISH PATERN.
STEEM has formed a solid ascending support, touched 3 times already and possibly indicating an Exhaustion of the Sellers.
This pattern is usally accompanied by a contraction of the Volume as we have on STEEM lately and it is shown below.
When the upside breakout occurs, there should be an expansion of volume to confirm the breakout.
I think we are going to see a breakout of this eternal resistance at 0.432 USD soon which will bring the price close to 0.6 USD as a start of the UPTREND CONFIRMATION...
Of course, always if the "Big ACTORS" as @steemit , @gsr-io or, why not, @dan himself allow steem to grow according to the usual Market laws and not as it has performed lately...
...or, is STEEM going to become an stable crypto locked artificially at the 0.43 USD?
STEEM has formed a solid ascending support, touched 3 times already and possibly indicating an Exhaustion of the Sellers.
This pattern is usally accompanied by a contraction of the Volume as we have on STEEM lately and it is shown below.
When the upside breakout occurs, there should be an expansion of volume to confirm the breakout.
I think we are going to see a breakout of this eternal resistance at 0.432 USD soon which will bring the price close to 0.6 USD as a start of the UPTREND CONFIRMATION...
Of course, always if the "Big ACTORS" as @steemit , @gsr-io or, why not, @dan himself allow steem to grow according to the usual Market laws and not as it has performed lately...
...or, is STEEM going to become an stable crypto locked artificially at the 0.43 USD?