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. But we saw a reversal this week. Today we will see steem price movements and reflect on how it has fared.

Source 1 Source 2

The week started with Steem falling to the support level (0.155$). Steem bounced off from this quickly, showing strength. After that, Steem started going up very quickly. Steem followed the bullish trendline throughout the week.

After breaking through several resistance level, Steem went up to 0.171$. After which, it started fluctuating. Thus, Steem lost the previous bullish line. This 0.171$ zone is now the resistance ahead of Steem. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.185$ zone ahead of Steem after that. As there is bullish trendline below Steem now, it needs to hold onto that also.

---

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.

VOTE @bangla.witness as witness

OR

SET @rme as your proxy