Long-Term Trade Recommendation: ZRX

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The STEEM/Bitcoin pair (STEEM/BTC) managed to go as high as 0.00099998 on June 9, 2017. Unfortunately for buyers at this level, STEEM has been dropping since. In fact, it nosedived to 0.00009202 on December 6, 2017 and lost over 90% of its value before generating a notable rally. The good news is that this downtrend is about to come to an end.

Technical analysis show that the pair is creating a large symmetrical triangle on the daily and weekly charts. From the looks of it, it may appear that bears have the upper hand because there’s a significant gap between the B and D waves. Other traders might interpret this as the inability of bulls to put together an impressive


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