STEEM - Major Support Level
STEEM Price Key Highlights
The price have been moved sideways the last 4 days and is finding it hard to hold a major support at $2.2 against the US dollar.
If it breaks through the support level, it's a really bad sign.
I think the price will be for some time in the consolidation area.
The price has to break the key resistance before we can confirm a bullish trend.
I see this price as a really good buying opportunity. Longer term I see STEEM taking off like a rocket. I do believe that it is well within reason that STEEM reaches $10-15 or highere by year end.
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I’m not too upset if we go lower for another couple months. Anything under $1 would feel like hitting the jackpot for me. Gonna be interesting to see how the rest of 2018 plays out. Thanks for the post!
It is a great time to buy some cheap steem!
Buddy, I remember when it was 10 cents a steem, those were the days...
Also you could take the subway for a nickel and the movies cost a dime
I had a similar observation, it's nice to see it validated by someone with more experience! I had been waiting for a good opportunity to grab more STEEM so this has been great for me! Thanks for the analysis!
Agree it’s a good opportunity to buy more
I do have the same view as well
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With this! Let me HODL and also buy more steem and power up. Thanks so much for the updates @tradewonk.
Patience pays though it pains to wait.
I'm thinking to sell all BTC and go deep into Steem. It's about $300 but If Steem goes back to $5 I double my money. Not sure yet. I believe more in Steem than BTC.
Hey @stadex, I'm definitely bullish on STEEM long term, but that might be a bit risky. My personal opinion would be to hold about half BTC and half STEEM. BTC is widely regarded to be one of the safer crypto bets (if there is such a thing) and diversifying can save you a major headache later. I previously had more than 2x the amount of BTC to STEEM but I did convert some over to where I'm about 50/50 now.
That being said, I'm someone who is relatively risk-averse, so if you are willing to stake all $300 on STEEM's potential breakout value more power to you! In any case, we're both rooting for STEEM to succeed here! Best of luck!
decision with caution, 50/50 however I think it is very tempting looking that steem can have a very high rebound ,,,, and those $ 300 can take you to $ 1500 or more ,,,
My pleasure
Great time to HODL or Power Up -- bargain basement prices. Does test one's own belief system around cryptocurrencies in general and in STEEM in particular. For me as a new Steem-er, I really like the fact that there is a real backing for the STEEM -- the collective intelligence of well-crafted posts offering knowledge and entertainment. What a win-win -- and the STEEM eco-system offers opportunities for anyone wishing to become involved in the cryptocurrency ecosystem -- what a wonderful way to be able to 'earn' cryptocurrency without massive fiat currency investment unless one chooses to do so. My advice to all newbies [such as me] is to learn the STEEMit value proposition and all its nuances and then get involved. You will gain both financial and personal rewards in doing so. Very satisfying and very innovative!!
I see your information and it is encouraging to think about the rise of steem, but I think the process is a bit slow, the crypto are going through one of their worst moments, but also with their biggest growth, I mean they are going to descend even more the crypto ,,,, I hope a rebound at the end of 2018 ,,, greetings @tradewonk
To be honest things don't look good for STEEM in price. If we brake 2.20$ next support is at 1.40$. Also we are below all major moving averages, especially the 200-day SMA.
To be honest the price of Steem is very correlated with the price of BTC. And BTC looks like it's going down. I made an analysis yesterday on BTC, I would be glad to receive feedback on it from you. See my article HERE
Thanks for the update. :)
I’m on the phone now, but if btc price continue down, then it might retest $8000 which is a major support ( 6500-8000 ) as it is on steem, and from there continue highere. But i will make an btc Update tomorrow.
The roof the roof the roof is on fire we don't need no water let the motherfucker burrrrrn.
🔥🔥🔥🔥🔥🔥
Cool ! I think today we break the 200 SMA and we will make a move downwards to test the 8400 and then the 6000
Steem was pumping just now when BTC was dropping. Steem is looking so bullish.
after btc stable it will hit the moon
After double top pattern, BTC is going down for the past 6 days. If BTC recovers, we can hope that SBD also may recover.