STEEM - We broke the symbolic support of 2$

in #steem7 years ago

Hello all,

Here is the chart of yesterday :

STEEMUSD.jpg

Here is the current chart :

STEEMUSD.jpg

The symbolic support of 2$ is now broken. That support line held the drop during several hours but this was not strong enough to stop it. We are now under the 2$ and to be honnest, the next important support is around 1.26$. Let's don't be negative, a simple bounce could push us back upper of the 2$ but we need that the drop paused soon to be able to do that.

I wish you massive profits,
Cryptopassion.io

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Tough times but it will turn around

nothing in the cyrptoverse is going to find a bottom until bitcoin finally finds a bottom

Btc control the market my brother, as long as btc still in down trend we should expect alt coins too to continue the down trend move. I wish the return of the bull is soon.

This right here

Fully agree with you @barne734 . Sadly, we need BTC to recover first

Your nice prediction...

Muy buenos los pronósticos para invertir, ya que lo que se expone es que el steem logre bajar hacia los 1.26 $. Ahora bien para los que decidamos vender, nos preguntamos y para que tiempo volverá a esta entre el rango de los 5$ hasta los 18$ como una vez estuvo? Buen post. Saludos.

honestly the steem was in a boring channel between 2 and 2.64
just like the ETH chart.

now there is opp for newbies to power up on dip lows, current level or even 1.2 or 0.85

I appreciate if you look at my short last post on steem :)

Agree, I also said if we break $2.00, we are heading to $1.00. We need to get above $3.50 to have any meaningful uptrend.

Yes, a $1 Steem price would be a hard thing for many people to stomach. Testing times indeed. :)

Crytocorrency will soon take over the economy of the world that i believe

When I use the chat, I wasn't really that surprised cos same has happened to Bitcoin and it raised again so Steem will rise again