Moving Charts: STEEM Prices Analysis | 10% To @tron-fan-club
Hello and good evening to everyone at the Tron fan club. The market has rather on a fall for the past few weeks. We have seen most tokens lose valuation. Steem can be seen as one of them. Today we will see steem price movements and reflect on how it has fared.
The week started with Steem falling to the support level (0.271$) shown above. Steem bounced off from this level several times, showing strength. But, eventually, it got weak and started going down, falling through the level.
Actually, Steem was following a bearish trendline also. It is still being followed. Steem got stuck below this trendline and went down with it. Steem bounced several times at the support level of 0.271$ and after the mid-week, Steem lost the support.
Steem created a bearish trend over a span of seven days. After getting rejected badly at the 0.32$, Steem started coming down quickly. Steem is still following the trends. There is now the strong support of 0.26$ below. Steem needs to break through the strong resistance zone at 0.279$, with a successful retest.
All Screenshots are taken from Coingecko
After experiencing a few good weeks, Steem is currently showing bad performance. It is down 2.5% in a week, which is very unfortunate.
No word from this article should be taken as financial advice.
Thank You.
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It is an interesting technical analysis for the coin and I think because the market is in downtrend and this is why the price of steem has dropped a bit but this is temporary and we should be able to see it back to thirty cents soon.
https://twitter.com/Arsalaan00070/status/1791193070224257078?t=dY5S-6wgVIUg9fskwpg8kA&s=19
Did very important price analyzes of Steem Coin, very nice, thank you
Great analysis you have done on steem price chart, I believe the next bullish legup we are waiting for we soon begin
Tried my best to analysis possible outcomes. You are always welcome!