STEEM - Support line broken yesterday but already tested

in #steem7 years ago

Hello all,

The STEEM broke our support line yesterday but we can see that the market didn't give up yet :

STEEMUSD.jpg

We are staying close to that line which is now a resistance line and we already tested it one time (green circle).

If the BTC could make a little up, I think we could easly go back upper of that line. However, if the drop should continue on the BTC, we don't have any important support on the STEEM before the previous low arounf 2.75$. I hope we won't reach these levels but keep in mind this is a possibility.

I wish you massive profits,
Cryptopassion.io

Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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Should be a choppy market leading up to Chinese new year. February should be a good month for cryptos imo.

The ebb and flow of an emerging economy.. our future is bright!
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Comparing STEEM with many others coins. STEEM follow confortable.
Great analysis!

I hope the market will never drop to the level it would cause panic to the investors

Thank you so much for this crypto news update providing... i like this post...best of luck dear....

thanks for the latest news updates about steam development, so we can be more careful to enter the market this time.

good !!

Steem will fly again soon!

your proposal is a council is of good help for what we are in this steemit community @cryptopassion