AnimusTheGreat
Long

Steem --> retracment and bounce on daily chart

BITTREX:STEEMBTC   STEEM / Bitcoin
Since previous support has been broken like described on chart below I am providing analysis on a smaller time frame (based on previous triangle).

If current high point stays the same for the day...we could see a bit of a pull-back down to 50.00 Fib (0.00039759) level where historical analysis shows possible support for another bounce. I have marked down also Potential FIB levels if bounce happens.

Once we get through the 2.historical resistance we could see a touch @ 200% fib. level (0.00080103) which is at the same time 3. historical resistance before the top of previous triangle is reached. That would bring us to 100% gain if bounce happens.

be aware also of BTC             movements since it looks like interesting times are coming.


Link to previous analysis
snapshot

as always

let me know what you think also with comments if possible.

brg

Animus the great
Kommentar: Correction incoming
Trade geschlossen: Stop wurde erreicht: BTC movment new chart required
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