STEEM/BTC Broke the channel
After being rejected by 200 EMA and broke the channel in my previous chart. it's clear a prolonged bear trend is continue + broken trend line that already established since december 2018.
using ichimoku cloud Stochastic RSI, RSI and Macd is also continuation of downtrend while ichimoku cloud still not closing in into a bearish cloud/trend yet and stochastic RSI is lower level, there's expectation for some minor bounce in near future to test bottom channel level and if possible to get inside and resume the continuation of the movement within channel..
i keep watching 2 support line at ;
- 8200 satoshi
- 6500 satoshi
while EMA 200 closing in toward the 2 support line.. i expect a major move either way to downside or upside in couple of months...
using ichimoku cloud Stochastic RSI, RSI and Macd is also continuation of downtrend while ichimoku cloud still not closing in into a bearish cloud/trend yet and stochastic RSI is lower level, there's expectation for some minor bounce in near future to test bottom channel level and if possible to get inside and resume the continuation of the movement within channel..
i keep watching 2 support line at ;
- 8200 satoshi
- 6500 satoshi
while EMA 200 closing in toward the 2 support line.. i expect a major move either way to downside or upside in couple of months...
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