Crypto Chart September Review II / STEEM vs BTC
Peace,
I hope you are doing well this morning. The price of the token presented below on the weekly chart is a brief description of the token history on the crypto market. It is important to never invest more than you can afford to lose. The opinions given in this article are only for educational purposes. Please I recommend readers to conduct thorough research on the crypto you are targetting before any action in this volatile market.
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The price on the weekly chart shows the evolution of STEEM tokens against Bitcoin on candles that represent the weekly cumulation of the prices. The prices of STEEM have slowly lost their higher position in the past three weeks. However, Steem prices are decreasing since the beginning of September 2021. Its price is located as I am writing this article around 1153 Satoshi. The red lines represent resistance lines that confirm or pull back the token value trending. The red candles are moving further down away from the upper line meaning the diminishing confidence in the possible return in a green candle. It appears that Steem value is holding its downtrend tendance since the beginning of September 2021. The moving average represented as curve lines are very close to each other on the chart. It indicates possible changes in the prices at any time. I expect the market will react and prove me wrong otherwise, hold your bag of STEEM if the prices dive.
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