Steem Price Review - October 21, 2016

In the post, I review the price of Steem using charts. I use technical analysis as my primary means of trading. Support and resistance are to fundamental patterns that I use when charting. I pay attention to volume as well.

As you will see, the price of Steem has been declining for sometime now. The depth of the decline in the past few weeks has not been as steep as the previous month or so. The price can continue to decline, however, I hope we can trade sideways to establish a base of support that we can then launch from.

Let me know what you think the near term outlook is.

---

Thanks,

@pairmike -- Follow Me