STEEM Moving Average Cross - Price Going Up?
Steem has just had a crossover of the 6 day moving average and the 30 day moving average.
This has signaled price moves up in the past.
It is not the strongest crossover and this is only one indicator of price movement.
It appears to be a weak crossover as the blue line (6 day moving average) already looks to be angling back down.
However, this is a good thing and we may see STEEM's price move up in the next few days if this crossover holds.
Here is a look at the same crossover with STEEM and BTC.
This image shows a 5 day and 30 day moving average and crossover.
Again, it's just one indicator but this crossover is a good thing to see right now.
STEEM may begin to move up again very soon.
This may be a good time to buy in the short term and watch for a crossover reversal to sell.
Looking at longer term moving averages this crossover has not happened yet.
This may indicate a short term move up coming in the next few days.
Keep watching!
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