STEEM DIP AND CLOSE ABOVE 1.76 AGAIN
Bear break through 1.76 support and push further down to make new lows at 1.588 then finally got push up again and close above the major support line at 1.76
Likelihood it might test the long term trend support (black slope line) around 1.5 zone when the bear break the orange support again. Big brother bitcoin getting close to squeeze again within another triangle.
Short term moving average : crossed but yet to confirm downtrend
RSI : getting very close to oversold
SBD/STEEM : below 1 again at 0.989
Overall steemit posts payout reduction again due to falling steem price.
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steem going down with btc (:
STEEM, when is it ever going to go up trend again? Any solution to the bearish pricing?
It seems to be struggling along with Bitcoin.
probably gonna get a bounce when it touch the long term trend support. still depends on bitcoin movement too.
yes, I forgot about Bitcoin leading Steems' price movement...Thanks for reminder.
np. it tends to follow most of the time but if there's news or big volume on steem itself can have it's effect too.
I like you analysis man. I've given you a follow mostly for the charts.
Keep it up and see you around!
thanks man. what's your opinion on the current market price. see you ard too
You got a 2.35% upvote from @postpromoter courtesy of @onepercentbetter!
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