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 rise for the past few weeks. We have seen most tokens gain 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 gradually rising following the trendline shown above. Suddenly, Steem broke through the level but it was actually a fake-out. So it went down to the 0.25$ again. After that it bounced back again.
Actually, Steem was following a bullish trendline also. It is still being followed. Steem used this as a support level and climbed the ladder using it. Steem lost this level in the middle of the week for a while, but got back almost in an instant.
Steem created a nice bullish trend over a span of seven days. After getting rejected badly at the 0.35$, Steem came down to that trendline. Steem is still following the trends. As there seemed to be a strong resistance zone at 0.32$, Steem needs to break through this zone with a successful retest.
All Screenshots are taken from Coingecko
After facing a few bad weeks, Steem is currently showing good performance. It is up 15.1% in a week, which is huge.
No word from this article should be taken as financial advice.
Thank You.
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Nice analysis you have shared on steem price chart, well done.
https://twitter.com/Arsalaan00070/status/1765801375676666031?t=pu1NOFNFGPj2m9Zoapp1Xg&s=19
Your analyzes seem true to me, Steem will touch $0.4 very soon,
Happy to share my thoughts! Thanks!
You have given a very nice explanation about STEEM price analysis and it is very important for all of us to understand about it. Thank you and hope to see you in the future.