STEEM - Price analysis - Feb. 16
Hey steemian crypto family!
I'm @CryptoGreek77, a full time crypto and FX trader, and here is my daily technical analysis for STEEM!
My analysis heavily relies on Bollinger bands, Pivot Points, and Fibonacci retracements. They have proved enough for me to make wise decisions!
Unlike most analysts who play safe and usually say something like "It might go up +X%, but if not then it will go down -Y%", I take the risk and present a one-way prediction for every coin I analyze.
Follow me if you find my analysis useful!
Let's make some money together!
Technical analysis
STEEM/BTC
As we can see in the 4h chart, STEEM price found support at S1 pivot point at ~41500 sats as we predicted yesterday.
(Yesterday's analysis: https://steemit.com/steem/@cryptogreek77/steem-price-analysis-feb-15)
The support gets even stronger at 40900 sats, where the fibonacci 61,8% level is present.
I believe the support will hold and STEEM will enter an upward channel to 65000 sats any time soon.
Tomorow we will know ;-)
You can also find me on Twitter:
https://twitter.com/CryptoGreek77
About me: Introduceyourself Post
Legal Disclaimer: This is not advice nor recommendation to either buy or sell anything! Just my opinions that I like to share with you!
I'd love to see steem go much higher yes I do :)
Oh yes, it will mate!
The steemit concept is brilliant, demand can only go up!
Fair enough
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