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Steem (Cryptocurrency)

SBD/BTC Might Be Forming A New TrendSBDBTC traded in a downtrend for an extended period of time, as many alt coins did for this trading season. Now however it has broken out of it's downward channel, after the breakout was confirmed it consolidated with a symmetrical triangle pattern and recently has broken out of that with an impressive move upwards on high momentum. We have pulled back to the 61.8 retracement of the recent move, and I expect to see a short period of consolidation followed by another move upwards. I have set a buy for the 61.8 fib level and short-term targets at the resistance level that is the upper limit of the recent move and my ultimate target at the 1.618 fib extension of the movement.
Long
by CrackingCryptocurrency
EOS: Time to Find Your Inner BearFor this price analysis, I’m actually going to look at EOS on the USD side of things. EOS Price Analysis The first thing that’s worth noting is the fact that $EOS failed to hit this major overhead resistance point (thus far): So, there are a couple reasons why this is important. 1. It appears as though the momentum for $BTC #Bitcoin is beginning to wane at this point in time. Usually, the market follows $BTC (at least the majority of it does) and $EOS is really no exception to that rule. 2. There are no serious fundamentals that are supporting the price of $EOS that would suggest that it is immune to this break in the markets if the author’s prediction that $EOS is headed down is correct. 3. This recent increase in the price of $EOS has left the price largely over-extended for the most part, and it is now reading overbought on all RSI charts. This is especially not good when you’re in a bear market. It’s almost always worth betting against an overbought chart in a bear market. Above, you can see a clear bump and run chart pattern formation. This is very classic in cryptocurrency, and nearly always comes to fruition. The RSI is screaming ‘get out’ as well. Let’s Look at Some Potential Support Points In the picture above, there are a couple that individuals should be directing their attentions to. One of those = the uptrend line that is directly under the price (on the ‘bump’ portion of the bump and run). As you can see above, that’s only a 3% drop. Thus, this is more than likely a point that will be broken straight through. This has not been tested at all. Ichimoku For those that can see the Ichimoku below, it is resting on our original uptrend line as well; so that’s not going to give us too much information on what’s going on. Potential Re-Touch of the Main Uptrend Line (Most Likely on a Consolidation) If this occurred, the following drop would be substantive at -13.66%, which is a great gain for a shorter (if one is looking at those options). This seems to be the more likely possibility. However, with a bump and run pattern, there is always a major possibility that the price falls even lower than that. In the even that this did happen, it would lead to a much more precipitous decline in the price. Ascending Channel spotted on the H4 as Well It appears as though the price has just touched the top of this channel (which was just established, so don’t beat yourself up if you did not short from this point immediately; no one could have anticipated that). The reason why the author states that no one could have anticipated that is because there’s a chance that an ascending broadening wedge could have formed itself instead, which would have been an entirely different scenario. So, this needed to happen in order for us to get the ‘larger picture’, if that makes sense. Conclusion Given everything that we know, a short almost seems to be the most logical move at this point. The price is already pretty overextended on EOS as of now, and it appears as though the momentum is beginning to wane substantially on the RSI on all time frames. Therefore, this is the author’s R/R trade for the short:
BITFINEX:EOSUSDShort
by librehash
5
[STEEM/BTC] EARLY BUT IT COULD BE PROFITABLE [50-100% POTENTIAL]#STEEM / BTC ( Binance, Bittrex ) Buy Range : 0.000133-0.000136 Stop Loss : Not recommend Target 1 : 0.000164 Target 2 : 0.000211 Target 3 : 0.000270 WEEKLY CHART - RSI on lowest point in two years and near oversold zone ( positive ) - Negative SAR ( Negative ) - Below moving averages ( Negative ) - Lack of volume ( Negative ) DAILY CHART - SAR was positive in the last four days ( positive ) - Falling Wedge pattern has been broken ( positive ) - Sideways accumulation after bloodbath ( positive ) - RSI dontrend broken after touched oversold zone ( positive ) - MACD showing some strenght in the last days ( positive ) - CCI has turned into green ( positive ) - CMF is has been performing good in the last two weeks ( Positive ) - Lack of powerfull volume ( Negative ) - Below moving averages ( Negative ) 4H CHART - EMA20/MA50 crossed and support candles ( Positive ) - MACD is falling after first little pump ( negative ) - Ichimoku cloud hasnt been broken twice and still below it ( negative ) - Below MA200 ( negative ) CONCLUSION After massive bloodbath , Steem has broken its falling wedge and is throwing some early positive indicators which looks interesant to make an investiment. Also, some important facts like price and historic base support zone can suggest we are near of the bottom. On the other side, there are some negative indicators which cant confirm bullish reversal yet. If altcoin market continue performing good we could have first good movements in this nice coin. Stay safe, Mike
Long
by MikeCryptoSignals
STEEM/BTC going for 25k sat?Steem is still in a correction but it found nice support line at 13k satoshi as for now. It's highly possible that we will see 25k sat. in that next upward move. ------------------- DISCLAIMER I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss. If you like my charts, follow me on Twitter or Steemit.
by Voytech
$STEEM, Tick-Tock… Weekly Looking at our trend timeframe we see STEEM has now reached our critical support level at 12000, stochastic rsi showing momentum is bottomed out and we should be expecting a reversal. Will be watching smaller timeframe for momentum and candle reversal. Daily Shifting over to our pattern timeframe we see price has found support inside our 13000 zone, stochastic rsi showing momentum in favor of bulls. A daily close above 13500 and expect a radial spike towards the 21000, however if rejected by our trendline expect our sell to continue towards 10000.
Long
by UnknownUnicorn2434649
STEEM/BTCI like how STEEM chart is looking, is touching right on trending support. I've seen this pattern multiple times, the one I remember the most was potcoin last year. You can go check that chart if you want, it did the same triangle until it reached the most narrow area in it and then it FELL. Yep. It fell freaking everyone out and that was the dip needed to take the price to an ATH, so don't think that because the chart looks awesome, it means the journey of price will be easy, it will have it's moments of doubt, suppression and volatility but all in all I hope to see STEEM price recovering this year significantly. Let me know what you guys think in the comments. Thanks for reading.
Long
by JungleOnion
Steem VS Bitcoin Trying to Break HigherSteem has tested the bottom on the 30th of June, where price hit 16.7k satoshis low. After that price went up sharply breaking above the downtrend trendline and reaching the high at 22.4k satoshis. The upside move resulted in a 34% Gain against the Bitcoin, and it seemed that STEEM/BTC is about to break even higher. However, price has rejected the 200 moving average and corrected down to the 78.6% Fibonacci support at 17.9k satoshis. Currently STEEM is stuck between the Moving Average and the 17.9k satoshis support. At this stage consolidation could continue as STEEM does not have any directional pattern at this moment. But at the same time break above the 22.4k satoshis could be the first sign of a potential trend reversal or a strong corrective move up. On the other hand, if the Fibonacci support is broken, STEEM is likely to re-test the 16.7k low and perhaps go even lower. Although buying opportunity is very tempting, perhaps safer trading would suggest to wait for the resistance breakout.
by CryptoPAMM
2
STEEM - Great buy in priceDon't really need any TA to tell me that Steem is a great buy today. Last time I picked up at $1.33/steem and sold a couple days later at $1.65 , Had money sitting in USDT till now and bought back in around $1.18, still a good buy in my books. Don't advise anyone to follow my strategies I'm just trying to document some trades online to see how my profits compared to someone who actually does real TA since I don't really do any. Sometimes I may check the macd, stochrsi and bollinger bands if I am trying to day trade. But mostly I just buy something when I think it is a good price.
Long
by Dogeball
Bearish Outlook As Price Approaches Lows of 2018EOS CTO Daniel Larimer has actually been the co-founder of three blockchain projects. The first was BitShares, a decentralized exchange. Most recently and much hyped in the community is EOS which has disappointed investors so far since it’s mainnet launch as noted here. In the middle and with approximately a million users is the Steem Blockchain. Built upon this blockchain is the Steemit platform where content producers are rewarded for posting quality content. Steem, one of the three cryptocurrencies used on the Steemit platform, has been performing poorly. It looks set to return to its all-time lows of 2018 near the $1.1 price point. Amid speculative euphorias of 2017/18, Steem’s price rose above $9 and just back in April, it was priced above $4. Currently, Steem has been struggling to even rise above the 50EMA. Read full analysis here: blokt.com
SShort
by johnleequigley1