Todays STEEM Rocket 18.01.2020

in steem •  2 months ago  (edited)

STEEM is up 140% from the low of 9.3 cents! Up 50% just today!

Will this be the start of a new impulse wave? Not sure about that... But it is nice to finally see a nice green day again after other altcoins already had a huge "up day" this week.

STEEM is the best performing coin in the top 100 today jumping from rank 80 to rank 67:

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For now, there is an obvious upwards channel going on. This could break down in the future (bear flag), so let's hope that STEEM will break the channel to the upside soon.

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If you think this to be useful information:
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Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...

Have a nice day :-)

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Crossing fingers

Hey look at that. Definitely a breakout. Thin cloud and green horizon :)

Yes, but this is more important:
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If we can manage to stay above 30 cents, we will have a new uptrend.

Watch out for the dump.

Pump and dump?

Probably. Like always.

Awesome.
Thanks for sharing.
Resteemed :-)

  ·  2 months ago Reveal Comment

4 cents and then 2$. The 4 cents low is optional though.
I am neutral until I see a clear impulse.

How 4 cents ($0.04 USD) and $2 USD connects with each other?
If Steem will go down to $0.04 USD, then probably even I will buy some. By the way, I did not even noticed that it went below $0.10 USD. When was that?

It was that low on 24.11.19.
4 cent is the target for the end of this wave pattern (a new low is not needed anymore but in a small variation of the count another low is still possible).
2$ is my estimation for the first impulse wave based on Fibonacci and past movement patterns in STEEM.

  ·  2 months ago Reveal Comment