Technical analysis on Steem for the Long run! #PricePredcition #Bartcardi
money·@bartcardi·
0.000 HBDTechnical analysis on Steem for the Long run! #PricePredcition #Bartcardi
<html> <p>Hello followers,</p> <p>Today i will be showing my view on steem price and giving you a basic TA to start your own journey or follow mine!</p> <p><em>"https://i.imgur.com/jZ9Gv6Y.png" </em></p> <p><em>Steem chart on 29 january of 2018 (</em><a href="www.tradingview.com"><em>Source</em></a><em>)</em></p> <p><br></p> <p>So unlike alot of people i am going to <em>explain</em> to you what i did on this chart and what i am looking at. So obviously i want to predict where steem is going and make money. Just like most people. I am an investor in steem but also a trader so let me walk you through this <em>TA</em>. You are here looking at the <em>daily chart</em>, because i am looking at a <em>long</em> <em>term</em> view for steem.</p> <p>The black lines are where the <em>support is.</em> So this means because of past history of not dropping lower then this price or bouncing on this price u will have support. So the price will have a hard time dropping below these support lines. As you can see steem has a two black lines (support lines) close to the price. This means steem will not probably not drop alot in the upcoming weeks.</p> <p>The blue lines are where the resistance is. So this means because of past history of having a hard time breaking those prices u will find resistance. Always be on the lookout for prices that are breaking a resistance line (But next time more about that). If steem could break his first resistance it will probably shoot up. Until the next resistance blocks it obviously. </p> <p><em>Indicators</em></p> <p>So i am also using three indicators here. The Macd, Moving average and ADI (<a href="https://steemit.com/crypto/@bartcardi/technical-analysis-indicators-and-patterns-explainend-bartcardi">More info about these</a>). If you look at the ADI you can see that there isn't a strong or weak trend. The moving average is just excatly moving on top of the candles and the macd is bit bullish but no real indication.</p> <p><em>Conclusion</em></p> <p>Steemit will be steady for a long term investment right now. I don't see real indicators for a break-out or a break-down. So steem will probably move around in between my first support and resistance line. Still i consider steem a good long term investment, because of the fundamentals. </p> <p>Disclaimer: not financial advice</p> <p>Author: <a href="https://steemit.com/@bartcardi"><em>Bartcardi</em></a></p> <p><em>A follow, comment, upvote and resteem rare highly appreciated!</em></p> <p><img src="https://i.imgsafe.org/f8/f895ef11f0.png" width="800" height="200"/></p> </html>
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