We had a similar break through a support line on Stellar Lumens yesterday, and then it caught and went up again, and broke out of the triangle today. Now Steem is not exactly Stellar, but it might happen.
You can see that it's in a triangle, nearing the end of that triangle, and it must go somewhere.
With most people insecure these days, and the FUD from Korea... everybody sells and then looks at the chart and wonders why the coins are going down.
BECAUSE THEY SOLD, AND SOMEONE ELSE IS NOW DOING THE SAME.
I saw it as a bullish wick yesterday, and I held (on XML). Not the end of the world.
We had a similar break through a support line on Stellar Lumens yesterday, and then it caught and went up again, and broke out of the triangle today. Now Steem is not exactly Stellar, but it might happen.
You can see that it's in a triangle, nearing the end of that triangle, and it must go somewhere.
With most people insecure these days, and the FUD from Korea... everybody sells and then looks at the chart and wonders why the coins are going down.
BECAUSE THEY SOLD, AND SOMEONE ELSE IS NOW DOING THE SAME.
I saw it as a bullish wick yesterday, and I held (on XML). Not the end of the world.
If their's a panic, then the projects with the most successful tech, might be the most safe places to hold your tokens.