Steem is doing an ABC correction which is almost finished. Ideally it would go a bit further down in to the blue target box, but it can break out any time. RSI shows allso it can go down a bit more.
Before going long==> wait for the breakout and retest of the trendline!
評論
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Sorry, forgot to update here Next target on the chart
@setsuna313, i calculate them wiht fibonacci extensions
setsuna313
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@Crypto_Ed, Thanks for the analysis. This TP is exactly the one I wait for. I am in from 33K sats and want 50K sats. This is a relatively short trade so I can take 47-48K sats as well. Lets see where it goes.
Fjux
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Awesome charts man thanks!
Though Steem seems to get another drop. What is your expectancy of this drop just now?
Crypto_Ed
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@Fjux, I've made a targetbox where I expect it can go to. Right now its in that box and could go to the bottom of that box. So.....its going like I expected.....
Fjux
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@Crypto_Ed, oh wow, i missed the box idea because it was so big!
i was focusing to much on the yellow line.
Perfect charts man, thanks!
Crypto_Ed
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@Fjux, I always draw targetboxex which are based on Fibonacci extensions. Must admit that it surprises me too, how often they work in crypto.
The trendlines can be repainted anytime. You shouldn't see them as support/resistance but to indicate the pattern. Reaching such a trendline might indicate something is about to happen.....