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RE: STEEM Price Analysis – January 10, 2017
Looks to me like the 0.000145646 level is well fortified as we haven't closed beneath this price since early November. I think the bottom is in and there momentum building on the RSI as well as double bottoms on the OBV and The Willy Indicators.
Yes, support looks pretty strong around current prices and down to ~$0.13. Even if that doesn't hold, there are a ton of standing buy orders and some longer-term support at $0.10.
I don't know if the bottom is in, but it would take a lot to reach new all-time lows. Near-term, $0.13 - $0.14 looks like the place to buy if you're a trader. Above $0.16 would be a good place to sell. Long-term, accumulating now at any price between should be fine.