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Crypto Analysis | Steem between 14-15 cents in the next week

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TobeTada
@tobetada
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Good day Steemians!

Join me in analyzing the crypto markets!

 

So far the price for Steem/USD has been what we predicted in the last post: short term correction to about 17 cents. I expect BTC/USD to take a dive to 7.000-8.000$ which would take STEEM/USD down to about 14-15 cents. Here is a possible scenario:

A recovery will be followed which, however, won't breach the strong resistance seen in the trend line. Depending on BTC/SD Steem might drop to 13 cents or alternatively break the resistance and continue the upward trend.

Nevertheless, now is the time to buy as it won't really matter at what price levels you buy coins if you are in for the long term!

 

As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!