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Steem (Cryptocurrency)

There is possibility for the beginning of uptrend in STEEMUSD Technical analysis: . Steem/Dollar is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.4443 to 1.1025). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.4443) Ending of entry zone (1.1025) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 1.8935 TP2= @ 2.1460 TP3= @ 2.6432 TP4= @ 3.0239 TP5= @ 3.6475 TP6= @ 4.5472 TP7= @ 6.1394 TP8= @ 9.2557 TP9= Free
SLong
by ForecastCity
There is possibility for the beginning of uptrend in STEEMUSD Technical analysis: . Steem/Dollar is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.4443 to 1.1025). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.4443) Ending of entry zone (1.1025) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 1.8935 TP2= @ 2.1460 TP3= @ 2.6432 TP4= @ 3.0239 TP5= @ 3.6475 TP6= @ 4.5472 TP7= @ 6.1394 TP8= @ 9.2557 TP9= Free
SLong
by ForecastCity
1
Steem Breaking Out From Falling WedgeSteem is one of the cryptocurrencies which have a very good potential in the near future. It is also another alternate currency that is undermined coins out there in the crypto market arena. Since May it formed a falling wedge which is basically because of Bitcoins effect on the overall market. It seems it ends it corrective elliot wave and is looking for a rally. Both RSI and volume showing a good strength of the coin. It already breaks the trend resistance line and if it can close above the first strong resistance at the 23.6% fib level around 28894 satoshi's we might see a further developed rally up to the 50% fib level in the mid term. Possible Targets / Fib Levels Target 1 : 28894 sats Target 2 : 34953 sats Target 3 : 39851 sats Target 4 : 44748 sats Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't gurantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Long
by cryptotalk_et
2
STEEM FORMING THE RIGHT SHOULDER, 71 % OPPORTUNITY!Steem has been on a breakout yesterday, since one day it has made more than 25 % rise and has confirmed finishing the head and is just about to start the left shoulder pattern and has confirmed it with yesterday's spike. So now I am expecting Steem to finish its right shoulder pattern in the upcoming weeks where it should stop at 0.00043 BTC as there is downward pattern if we look at the tops it have been making with its left shoulder and head so we are going to meet the resistance when we intersect with the red line however if we break this trend I am expecting Steem to go up further to the price it has made with its left shoulder, in other words right shoulder will be the horizontal reflection of left shoulder where it will do its peak at 0.0005 BTC. So my advice on this trade (this is a HODL trade), buy now sell when we come close and intersect with the red downward line and wait for the market to react if we break this trend then it is time to buy back but if we bounce back down from this trend it means we are on our way to finish the right shoulder by going to the bottom. Good Luck, Traders!
by farhadjafarov7
STEEM/Bitcoin Cycles Warm For A Few Days-Big Chill Coming?STEEM/Bitcoin 12 Hour Bars, LOG Scale, 06/19/18, Written 3:35 p.m. EST, by Mike Mansfield Hi trader friends, STEEM might get hot for a few days but don’t let if fool you. It should then cool off again for at least one to two more legs down before it can likely finish its larger Wave (C) decline. Price is more important than time, but even better when price & time suggests the same thing, as in the case here. SUMMARY: BOUNCE THEN LOWER, SO LOOK FOR SHORT OPPORTUNITIES AFTER NEXT TWO WAVE 4 BOUNCES. Currently on Andrews Median Median Line support after a 5 wave down. This should provide a smaller degree Wave 4 a bounce for several days to sell into. Then, down again. Why? Cycles, Elliott Wave count, Gann/Andrews/Schiff lines are all still bearish. CM_Williams indicator has slight bullish divergence, enough to support a small degree Wave 4 bounce. But, the fact that it made lower lows on the swing before, supports our longer-term bearish view. Solid red and green arrows show most likely path. Dashed red and green arrow show less likely path NO BREAKOUT UP UNTIL: 1. Daily close above the pink dashed horizontal line, which, is the prior Wave (1) low, and would likely invalidate bearish view. 2. Daily close above the red Andrews pitchfork upper channel line. 3. Daily close above the blue dashed Gann 3:1 line, whichever of the three possibilities comes first. ELLIOTT WAVES, BIG PICTURE:p Most likely path appears to be larger ABC zigzag or larger ABCDE contracting pattern, but unclear as yet. I show both, so if you move the chart around you should see larger picture wave counts. We do not yet know if STEEM will boil and take off up after the forecasted (C) wave low or simply have a larger Wave (D) bounce followed by a Wave E) wave low, perhaps into the apex of a contracting pattern. If STEEM does take off with high volume after the Wave (C) low, and moves up in clear non-overlapping 5 wave pattern, then STEEM could have the beginning of a new impulse wave up, sooner rather than later. CYCLES: Cycles are about potential general energy shifts, not necessarily exact turning points. Sometimes they invert, sometimes they are perfectly timed with market highs and lows. Cycles, are meant for general trend guidance. Blue cycle = general trend thus far. Next trough, September 25, 2018. Green cycle aligned with the 3 major lows. Next trough, August 26, 2018. Red cycle tends to catch intermediate highs. Next trough, July 29th. This could be telling if the market gets unusually strong after July 29th. Watch for that date to see if the energy shifts dramatically up. General guidance: Look for SHORT opportunities into possible lows around the end of July,, end of August, end of September. NOTE: Do not use cycles alone! We really like the SteemIt platform and hope it keeps growing! Definitely check out SteemIt as a competitor for Medium.com and eventually, perhaps other social media sites like Facebook and YouTube, since SteemIt integrates with Dtube and “pays” you for content, unfettered by the powers that seek to control free speech and hold some blockchains down until they have their own versions to gain even more power. BOTTOM LINE: More cooling off ahead after two Wave 4s of different degrees have their short-term pop ups. Then down again to complete at least a Wave (C) low, possibly lower, or a Wave (E) apex in a wedge or triangle. Lows in the end of July, end of August, and/or end of September, 2018. DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Cheers! Michael Mansfield CIO
Short
by UnknownUnicorn1613901
Steem Should You Buy Or Sell It All?In my last analysis I predicted a Steem price between 1.75 and 1.90 which is about where we are right now. Steem seems to be inching lower lockstep with BTC. If you do your BTC analysis you will know that we are likely going to fall further before we move any higher (around $1000). Full disclosure I hold both Steem and Steem Dollars. The goal of most alt coin holders is to gain more BTC. That is unlikely to happen with Steem or SBD until BTC has corrected course. I wouldnt be surprised to see Steem hit 1.25 or lower while BTC continues to slide. If you are timing the market to buy Steem at a discount - we still have quite a bit of pressure to move downward - I wouldnt buy for anything less than 1.50 or more likely 1.25. If your in the Steem and looking to make a move - you might want to get your position to cash and wait for the inevitable downturn - before the market goes bull again.
POLONIEX:STEEMUSD
by rgeddes
4
Steem Moving Up But Be CarefulSteem is moving up after hitting some lows. Most of this has to do with BTC dropping more than some inherit problem with Steem. The challenge in trading alt coins like Steem is you have to keep an eye on the BTC chart as well. BTC has gone up a bit in weekend trading an so has Steem. If BTC continues to move up - you can count on Steem to move up - but it will likely be temporary if BTC correct again (which is likely). If you are sitting on some Steem and are looking for an opportunity to make more - i've set my target on the chart. A re-entry point would be somewhere below $2 as BTC does another dip. I'm a believer in Steem - it should be a $10 coin when the market picks up again. In the meantime the volume is very low - but opportunities to get in low and get out a little higher still exist. Stack That Steem!
POLONIEX:STEEMUSD
by rgeddes
1
Buy And Sell Calls For Steem/BTCSteem is a currency that can fluctuate wildly. From a TA perspective its been fairly predictable since the large price swing we saw previously. Heres how to play it. If you are in the money and waiting - keep waiting - until about 0.00023000 - it may dip a bit lower than this but this is a could place to setup tent. The first target sale could take place at 0.0002600 or possibly higher. This is my own analysis using techniques that have been consistent for me. These idea are not financial advice - do your own research before investing!
by rgeddes