Market Update on Steem/USD 4/22/2018

This is a pretty simple story unfolding. Somebody has a lot of Steem and they are willing to sell it for 2.94 and change.

On a 3m chart the secondary story is unfolding and saying 'if somebody wants to unload at 2.94 then we ain't buying right now. So this is going to be a waiting game. Waiting for whomever is unloading at 2.94 to either run out of Steem to sell or buyers over-run the seller. It is more likely that buyers will wait until the seller is willing to unload at any price before coming in.