STEEM at 3 month high. Short term LONG favored acc. to DMI
BITTREX:STEEMUSD
The +DI is above the -DI and the ADX is twice the required value to term the market as trending.
So I can say, although conservatively, that short term long positions may favor the brave. However the market has tested the support line more number of times than it has breached the resistance line - that could indicate a pullback happening pretty soon.
Play safe! Good luck
The +DI is above the -DI and the ADX is twice the required value to term the market as trending.
So I can say, although conservatively, that short term long positions may favor the brave. However the market has tested the support line more number of times than it has breached the resistance line - that could indicate a pullback happening pretty soon.
Play safe! Good luck
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