STEEM - Be carefull about a double TOP by cryptopassion

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steem · @cryptopassion ·
$41.44
STEEM - Be carefull about a double TOP
Hello all,

Here is the chart of yesterday : 

![STEEMUSD.jpg](https://cdn.steemitimages.com/DQmUWE3yx72Ar74gz8s7ZNWQRERr6hxLKQderiLpiw1Je7v/STEEMUSD.jpg)

Here is the current chart :

![STEEMUSD.jpg](https://cdn.steemitimages.com/DQmSkHSPhvZi4Xhu1CWvC5vQHv2AT71ZnkuaYrfd54zybEG/STEEMUSD.jpg)

So today we had a nice bounce from the support line at 0.39$ as expected but we haven't been able to break the previous TOP. We are now doing a pattern called double top which is a bearish pattern. This pattern will be validated if we break the support line at 0.39$, so nothing is done yet. Just keep that scenario in mind. If that support line creates a new bounce, the double TOP will be invalidated and we should try to break the previous TOP again.

I wish you massive profits,
[*Cryptopassion.io*](https://cryptopassion.io/)

![BARRE STEEMIT.jpg](https://steemitimages.com/DQmYmhKnCFVHLXSxr9YD54nT8R2GvdH7iKeFXpSKYy6kV3B/BARRE%20STEEMIT.jpg)

**Legal Disclaimer :** Never invest more than what you can afford to lose. I am not a financial advisor and the content in this article is not a financial advice. This post is for informational purposes only and provides only my personal opinion. It is important that you do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that. 

![BARRE STEEMIT.jpg](https://steemitimages.com/DQmYmhKnCFVHLXSxr9YD54nT8R2GvdH7iKeFXpSKYy6kV3B/BARRE%20STEEMIT.jpg)

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![BARRE STEEMIT.jpg](https://steemitimages.com/DQmYmhKnCFVHLXSxr9YD54nT8R2GvdH7iKeFXpSKYy6kV3B/BARRE%20STEEMIT.jpg)

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![BARRE STEEMIT.jpg](https://steemitimages.com/DQmYmhKnCFVHLXSxr9YD54nT8R2GvdH7iKeFXpSKYy6kV3B/BARRE%20STEEMIT.jpg)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 67 others
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vote details (131)
@abrish · 
Ohh really interesting. thanks@cryptopassion
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@cryptopassion ·
$17.94
You welcome my friend. The market is going down but let's stay positive
👍  , , ,
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vote details (4)
@josediccus · 
Thanks really, I was hoping we'd Surpass that 0.39$ today, but I guess it's one step back and two steps forward really, I'll definitely keep the scenario in mind
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@cryptopassion ·
$18.14
The double top is now confirmed... bear trend in progress...
👍  , , ,
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vote details (4)
@josediccus · 
Wow, not so much of a good news, thanks by the way
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@cityofstars ·
$0.03
as shown in the chart there is a chance to pump again
👍  , ,
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@cryptopassion ·
$17.58
It is going in the bad direction now. The double top pattern is now confirmed with the break of the support line at 0.39$
👍  , , , , ,
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vote details (6)
@steemitboard · 
Congratulations @cryptopassion! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

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@bcarolan639 · 
Hoping we see prices keep going even though the double top is not a promising indicator of that:(. Either way if it dips back down I will probably acquire additional Steem in the low $30s high .20s if it goes there. 

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
👍  
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@cryptopassion ·
$16.19
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