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Steem(STEEM/USD) Update 19/01/2018: Gaining Traction, Is Correction Over??? by jimmyrai28

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· @jimmyrai28 ·
$1.14
Steem(STEEM/USD) Update 19/01/2018: Gaining Traction, Is Correction Over???
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<p>Our favorite Digital Currency Steem is gaining traction on up side after recent sell off. That sell off or correction is necessary in respect of shaking up weaker hands. One can assume now that stronger hands are in play as steem is gaining on upside for last three days.</p>
<p>Currently, Steem is trading at $4.88 up +17.5% after registering high of today's session at $5.27. (see chart below)</p>
<p>https://steemitimages.com/DQmWCZA9CKJKWKDaHBjEaYXqhpMRXkBThUUQdpJfcyFUGdW/image.png</p>
<h3>Uptrend is intact</h3>
<p>It is clear by looking at chart above that recent sell of was just correction in ongoing uptrend which is still intact. One can notice on chart above that Steem is trading above<strong> Rising Trendline</strong>(Yellow colored diagonal line) which indicates the Steem is still in uptrend. But if steem closes below this trendline, uptrend gonna violated.</p>
<h3>But, when this uptrend resume?</h3>
<p>While writing this analysis Steem breach the prior support level of $5.029 and currently trading at $5.16. If Steem manage to close above today and tomorrow, uptrend gonna resume. Additionally, if steem close above descending trendline (see chart below) uptrend will get confirmed.</p>
<p>https://steemitimages.com/DQmaiscXatg7B2CP43pvGLXUy1KfWRCWTnU1ATEdW2EnEZy/image.png</p>
<h3>Summary</h3>
<p>At last, I must reiterate that their is definite attempt to negate the recent fall or correction. If, Steem manage to cross and close above Descending trendline and Prior support level, uptrend will get resume.&nbsp;</p>
<p>____________________________________________________________________________</p>
<p><em>If you like my analysis then do not forget to</em> <em><strong>upvote, follow, comment</strong></em><a href="https://steemit.com/@jimmyrai28"><em>@jimmyrai28</em></a><br>
<em>if not then criticize, this also will be highly appreciated.</em></p>
<p><em>You can also drop a comment in 'reply' if want you want me analyze any script of your choice.</em></p>
<p>Now you can also find me on discord channel: <a href="https://discord.gg/VvHmhvH">https://discord.gg/VvHmhvH</a> &nbsp;</p>
<blockquote>&nbsp;One can also resteem and get free upvote their post by just replacing <strong>http:\\</strong> &nbsp;with <strong>re</strong> in their post link.&nbsp; &nbsp;</blockquote>
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@ritue ·
great post, thanks for sharing
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vote your-acct "ritue" "re-jimmyrai28-steem-steem-usd-update-19-01-2018-gaining-traction-is-correction-over-20180119t161143052z" 100 true
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@jimmyrai28 ·
you are welcome
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vote your-acct "jimmyrai28" "re-ritue-re-jimmyrai28-steem-steem-usd-update-19-01-2018-gaining-traction-is-correction-over-20180119t175329910z" 100 true
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@pariza ·
Excellent analysis work. You showing the graph chart and indicate by colour. Thanks for sharing such a good post.
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@jimmyrai28 ·
you are welcome
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vote your-acct "jimmyrai28" "re-pariza-re-jimmyrai28-steem-steem-usd-update-19-01-2018-gaining-traction-is-correction-over-20180119t175359326z" 100 true
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@mdnasim ·
i like this post..thats like a good post
thanks for sharing. 
god bless you..
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@joanstewart ·
Thanks for nice graphical review on the coin @jimmyrai28
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@jimmyrai28 ·
you r welcome
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vote your-acct "jimmyrai28" "re-joanstewart-re-jimmyrai28-steem-steem-usd-update-19-01-2018-gaining-traction-is-correction-over-20180119t175215864z" 100 true
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@sohelkhan007 ·
its a great information......Lot of thanks Sharing this informative and valuable post....best of luck brother....
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@jimmyrai28 ·
you are welcome
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vote your-acct "jimmyrai28" "re-sohelkhan007-re-jimmyrai28-steem-steem-usd-update-19-01-2018-gaining-traction-is-correction-over-20180119t175449085z" 100 true
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@rockykhan ·
you shear a  great news.....i like it....i hope everybody like your post...thanx for shear it
👍  
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vote your-acct "rockykhan" "re-jimmyrai28-steem-steem-usd-update-19-01-2018-gaining-traction-is-correction-over-20180119t163114292z" 100 true
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@jimmyrai28 ·
you r welcome
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@jimmyrai28 ·
!originalworks
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vote your-acct "jimmyrai28" "re-jimmyrai28-steem-steem-usd-update-19-01-2018-gaining-traction-is-correction-over-20180119t175530846z" 100 true
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@minnowsupport ·
<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by jimmyrai28 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows.  Please find us at the <a href="https://discord.gg/HYj4yvw"> Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p> <p>If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=102530.639667%20VESTS">50SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=205303.639667%20VESTS">100SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=514303.639667%20VESTS">250SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=1025303.639667%20VESTS">500SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=2053030.639667%20VESTS">1000SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=10253030.639667%20VESTS">5000SP</a>. <br><strong>Be sure to leave at least 50SP undelegated on your account.</strong></p>
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vote your-acct "minnowsupport" "re-steem-steem-usd-update-19-01-2018-gaining-traction-is-correction-over-20180119t180742" 100 true
post_comment your-acct "re-minnowsupport-re-steem-steem-usd-update-19-01-2018-gaining-traction-is-correction-over-20180119t180742-20180224t152637137z" "minnowsupport" "re-steem-steem-usd-update-19-01-2018-gaining-traction-is-correction-over-20180119t180742" "" "your reply.." "{}" true

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@resteemable ·
**Your Post Has Been Featured on @Resteemable!** <br> Feature any Steemit post using resteemit.com! <br> **How It Works:** <br> 1. Take Any Steemit URL <br> 2. Erase `https://` <br> 3. Type `re`<br> Get Featured Instantly – Featured Posts are voted every 2.4hrs <br>[Join the Curation Team Here](streemian.com/profile/curationtrail/trailing/943)
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