STEEM graph is so bullish that it's shocking

in #steem7 years ago

steem-bullish.jpg

Usually, when it comes to analysis, I'm happy when I see one of these indicators. Here? All of them happened at once!

  • 55day moving average pierced from below by 3 different moving averages
  • If you follow me for a while, you know that I like using Ichimoku Cloud. You know, those green and red clouds. The candles pierced trough perfectly accurately on kumo twist.
  • Do you see that descending, orange line? That was an almost one-year-long trend's resistance line. It was completely obliterated.

As I'm writing this, it is going through that blue resistance line too. At the moment, the price is 50551. If it stays there(staying above 49000 satoshis for the next few days), then that will be another strong indicator!

Of course, not even this is a 100% certain prediction. I highly doubt that this can turn bad but when it comes to crypto, there is always a possibility. As long as BTC won't get dumped for some reason, some horrible news won't come out or some people won't try to keep STEEM's price low, this can be huge. ~7$ again and maybe even a new all-time high in the upcoming months. Maybe even in weeks.

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My gut is screaming buy.

Low risk high reward for sure. I have a feeling that during this summer, the whole market will go up heavily. But this chart seems unique. Hopefully, we are right here. :D

Looking like early June for the next poe league.
I'm thinking 3 days this time, and separate prizes for each class.

Wow really? Looking forward to it! Will it be in this Beastary league too or a new one starts in June?

It'll be a replacement of bestiary.

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