Moving Charts: STEEM Prices Analysis | 10% To @tron-fan-club

Hello and good evening to everyone at the Tron fan club. The market has rather on a fall for the past few weeks. We have seen most tokens lose valuation. Steem can be seen as one of them. Today we will see steem price movements and reflect on how it has fared.

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The week started with Steem falling to the support level (0.167$). Steem bounced off from this quickly, showing strength. But, eventually, it got weak and started going down, falling through the level. Steem followed the bearish trendline throughout the week.

After falling through the support, it quickly came down to 0.126$. After which, it started going up slowly but steadily. Thus, Steem created a bullish trendline. This trendline is now a resistance for Steem.

There is now the strong resistance level of 0.166$ above. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.185$ zone ahead of Steem after that.

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All Screenshots are taken from Coingecko

After experiencing a few good weeks, Steem is currently showing bad performance. It is down 4.3% in a week, which is very unfortunate.

No word from this article should be taken as financial advice.

Thank You.

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