STEEM- Brief analysis based on Elliott waves theory
Steem is trading with 0.00360000 BTC which fall from it is high 0.00636704 which made at 19 july . steem was trading with 0.00036000 BTC at 6 july and from that level it rallied 10 times in 1 days . this level it is just consolidation going on .
If we apply elliott wave theory about STEEM chart It clear looks that it made first up wave from 0.00036000 level and than second down wave from top. Now it is looking that after consolidation finish it will make third up wave which will be bigger and long in comparison of first up wave .
Yesterday extra pressure looking in all cryptocurrency because of Bitfinex hacks but it is just an opportunity for buying.
Highlights of STEEM at this time
|Market Cap||Volume (24h)||Available Supply||Total Supply|
|104,583,306 STEEM||121,557,400 STEEM|
All time high and low dollar value of STEEM*
0.00027000 : $ 00.18
0.00750000 : $ 05.01
*based on average BTC price of ~$671.00