Steem is in a strong downtrendSteemit has lost more than 30% since the end of January. Steem price has breached the 20-Day and 50-Day EMA support line after several attempts indicating that the support is weak. And as can be seen in the chart, the coin is forming a descending triangle which is a bearish continuation pattern. Even, moving average convergence divergence has turned bearish. However, as can be seen in the Steemit technical chart, the price is currently enjoying support from 100-day EMA. If the price breaches the 100-day EMA support line, it could go much lower.
Steemit
STEEM, long term investment and such a good time to buy.I believe STEEM has done so good during this definitely hard time for the cryptocurrency market, we have not seen it break through the range to the downside and i believe we have found bottom, since it was testing the last fib level and it can go only up from here.
Besides that.. i consider STEEMIT as the social network of the future.
STEEM/BTC LONG NOWWHY TO GO LONG ON STEEM
1. We could have a nice bull flag forming on steem right now, if it does bust out the top this should provide enough volume to push us through the longterm supp/resist line. Currently we see higher highs and lower lows within the flag
2. unlike most of the market, steem is holding well against the complete market crash. I believe this is due to Steem already having its major correction. We are still about 90% down from ATH, reaching a low of about 100% before recent pumps
3. Steem has use. either on steemit, or dtube (youtube-like platform). In addition to use, users can also "lock" steem in a wallet for use on these platforms, leaving a smaller supply and sell pressure on dips. This can ultimately lead to gains back towards the ATH
STEEM ON HUGE POTENTIAL - WATCH CLOSELY (LOW-MED RISK)THIS IS A LOW-MEDIUM RISK to HIGH REWARD TRADE
POSITIVE INDICATORS
1. Steem has received a fantastic Weiss rating of B- (in our view these ranks are pointless but it definitely followed by a great price surge with media coverage). Steem has also been put into 5th TOP RANK
2. MACD looks positive for Steem short term and long term.
3. Google search for STEEM have went up by over 95% since then.
4. STEEM market cap is very impressive as well.
ESTIMATED GAINS
Short term prognosis - 20% Gains
Medium term prognosis - 70% - 200% Gains
Long term prognosis - 1,000% - 2,500% Gains
STEEM to $100?STEEM is going to go $100.
Look at the rising volume! The sweet accumulation period is about to come to an end. There will be dips along the way, but overall 2018 will be a great trip!
Total accounts created on Steemit
668K+
Daily number of posts
250K+
Daily active users
60K+
Average daily new accounts created
2500 - 12500
And counting!
We use social media every day so why not get paid for it in a cryptocurrency that will increase in value.
Personally, I do not know why anyone would stop using this platform, do you? If you have a few hundred dollars laying around, buy STEEM.
The idea is so revolutionary that I can imagine that Steemit becomes the most popular social media site for techies.
The ability of early participants to earn a lot of money sounds like a ponzi scheme, but Steemit has made some steps to keep the market unchanged and increase its long-term viability.
View the original post here: steemit.com
STEEM possible movementIt had almost 100% retracement.
Both weekly Stoch RSI and MACD look good
3d Stoch RSI and MACD are fighting for upward movement; it also tried to break the Ichimoku cloud
1d Have a little Stoch RSI and MACD downoard trend. Broke Ichimoku cloud and currently trading above it. It may retest the cloud
6h Stoch RSI seems to want to reverse. It may need to gain support in Ichimoku cloud or little bit under it
1h has momentum but needs to break the cloud. Fortunately, it is a small cloud
Had a retracement to 0.786 fib level but also may still go as low as 0.883, it would also test the cloud
This move may go for 1.618 fib
This also may be part of a larger move.
Steem is going to growSteem is a very good project and I'm absolutely sure that it's a good idea to buy and hold this coin for a long time. Look at www.similarweb.com - this website grows rapidly since november. It will influence on a price of steem very well in a long run.
Short TP1 - 44000 sat. Short TP2 - 48000 sat. Very conservative long TP - 60000 sat.
STEEM for those STEAMY profits!
Undervalued project at only 1Billion, even if it does 5x from here it still puts it at only 1% of facebooks mkt cap, although my target is much higher than 5x. Technically looks great as well as it has broken its logarithmic downtrend, and looks to have completed its 5 wave up and ABC correction back down. We should now be starting the next wave up, and I expect this one to test or rebreak the 100k sats level before another minor pullback. Dans projects also seem to be getting more attention as of late as seen with EOS.
Good luck with your trades!
short term steem/Usdbuy : 6$ - 7$
First Target : 9$
Second Target : 10$
Third Target : 13.40$
Do not panic . steem does not need stop loss .
Steemit: Crypto Social Media - Get Paid to Create ContentCryptocurrency is here, the now, and future. In closing, to all my readers, Steemit is the future. CNN, MSNBC, FOX, and CSPAN for all content with no secrets nor centeralized control. On steemit people are being paid for posting their own content and their own interests which inspire many other steemians.
Steemit is growing at a high rate and people are loving it because the platform haves a great potential and i think it will grow more and more in the future. The start could not be better, as I see lots of users and lots of great content which makes the time spent here very pleasant and the best part is that people can post what ever they want and they can get paid for it where people can make people that place attract more and more people and a huge community is joining day by day. If this platform keeps on evolving then in no time it will hit the skies
www.steemit.com
STEEM Price Pathway - Prediction (buying opportunity)We just saw a bullish rally to ~$1.60 and are now retracing. The question is where will we find buoyancy. Using past support lines, a broadening pattern discernment, and Elliot Waves to hit ~$1.85 in the short-term.
SBD USD STEEM DOLLARS DAILYHUGE RALLY IN POPULAR CURATION AND CONTENT REWARDS ALTERNATIVE TO REDDIT,
I SIGNED UP IN JULY 2017 AS SWIFTCOIN
FIRST TARGET 2.40
NOT THE SAME AS STEEM USD
VERY MYSTERIOUS SYSTEM AT STEEMIT BUT STILL VERY POPULAR, METCALFE'S LAW COMES TO MIND VIZ. VALUATION OF A NETWORK
LONG TERM COULD GO MUCH HIGHER
Steem - Bollinger band squeeze is comingSteem is moving sideways since early June between roughly 0.95 and 1.60 USD.
The chart doesn't look too bullish here but the steep rise in spring certainly needed time to be digested.
If 0.90 USD does not hold there is potential for a sell off down to 0.30 USD.
On the upside it would be good to see prices back above the 50MA and above the 200EMA. Bollinger bands starting to squeeze so a big move is coming closer.
With the crypto-sector generally remains on fire a breakout above 1.60 USD should trigger the next up-leg.
STEEM comes to life.
the symmetrical triangle has broken through the resistance. The histogram of the MACD looks up, and the ADX and DI oscillator says that the bulls are getting stronger. To make sure that this is not a false breakthrough, I recommend to open a purchase at the level of 0.000175-0.00018.
target - 0.00023 and possibly 0.00040
stop loss - 0.000156 and 0.000147
STEEM/BTC ( Finally lost the Limbo game)The Market Cycle is over , and we are back to the original price.
This is a trade where my entrance is not really based on upward movement.
I do not think STEEM Will go any Lower, and if it stays flat lining then I am not loosing any bitcoin and if it has a crazy Run up I was in it before the hype cycle.
I am looking at this like an inactive market, Once it wakes up even if there are ridiculous swings once I am In in the profit ( anything above 30%) Ill have some really loose stop losses.
This is one of those trades that I have setup with some Price action alerts and wont check every day.
I Will Probably check it twice a week and see if its ready. if it looks like its going to pop I will increase my position accordingly.
