Moving Charts: STEEM Prices Analysis | 10% To @tron-fan-club
Hello and good evening to everyone at the Tron fan club. Another week has been passed so quickly. With the pump two weeks earlier, Steem made us hopeful. However, it is a matter of sorrow that we got back to where we started. It is currently sitting at 0.181$, with 3% decrease in a week.
Steem started this week as 0.187$ per coin. The week started with hovering around the support block around 0.186$. In the middle of the week, steem got a sudden pump. However, it didn't hold and Steem got down.
After bouncing from the support level, Steem rose straight forward to 0.2$. The sad thing is that we got rejected badly from that level. Steem got back to where it started and even lost the support at 0.186$ .
Getting rejected so badly at that resistance level impacted negatively for Steem as it started falling. The hope was that Steem would bounce from the support level, but it didn't happen. We fell to 0.177$ as a result, but instantly bounced back. We are currently on a trendline, that we need to hold on. Otherwise another visit to 0.177$ is possible.
All Screenshots are taken from Binance
With the negative vibe spreading again throughout the crypto market, a lot of coins are currently bleeding. Steem is no exception. However, I believe we will fluctuated in the 0.178$-0.20$ range for a while.
No word from this article should be taken as financial advice.
Thank You.
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https://twitter.com/Arsalaan00070/status/1684656924913238016?t=cXKl1Mz7cBREXDhmSPJ5tg&s=19
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