Hey guys,

I got nice and distracted after a hugely busy day yesterday, so didn’t get a chance to publish. I did however have the charts you’ll see below ready to go, so I’m just going to leave them. The setups are still valid.

Today’s blog is just going to feature our old friend STEEM. The market is well and truly in play as price pulls back into a higher time frame level, so I want to take a look at some buying and trading opportunities.

Hope you enjoyed your weekend. I know I sure did!

⚽️🍺.

Cryptocurrency Markets

As I just said, today’s blog is all about STEEM. Open up your charts and let’s start with a higher time frame.

I’ve gone the daily here:

STEEM/USD Daily

You can see I’ve drawn the two horizontal lines from obvious areas of previous support/resistance. When there are two decent levels close to each other like this, I like to treat it as a zone so that’s what we have here.

I’ve also included a little order block where we so often see price pull back into before ripping higher. Within a support zone, it just makes things all the more significant.

Now step into an intraday chart and take a look again:

STEEM/USD Hourly

An intraday order block, inside a higher time frame order block, inside a support zone.

Sound like a buy to you?

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