STEEM

Big surge in trading volume yesterday for steem as the strong hands push the price to recent new high 0.0001449 follow by a selloff to calm the fomo. Set order for 0.0001340 yet to reach but cancelled that. Possible formation of HS on hourly candle. Likely to repeat the previous cycle and retest support zone around 0.00013 maybe even new low if there's not enough long volume to offset.

On daily candle, consolidation within channel still ongoing. Following big bro btc movement, as the shorts margin build up likely for pullback to test support. But still depends on whales volume if they want to squeeze the shorts.

stockpile for short : high (more slow bleed)
Short term moving average (day candle) : uptrend gap closing
RSI : -
SBD/STEEM : 1.01
Weekly Timeframe : downtrend selloff pressure around 1.00 zone high
24hr change : 0.80%
Marketcap : 271 mil
Volume : 1415 btc (4X avg vol)

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