Market Update on Steem/USD 4/10/2018

Price is still in no-mans land. It is good we bounced off the pivot at 1.586 but let's drill down a little to take a closer look at the internals.

On a 3m chart I see a triangle forming that will resolve itself around noon EST. If it breaks to the downside it will retest the pivot which may or may not hold. If it breaks to the upside that is a good thing but not necessarily a great thing because you don't want to see decision patterns occurring at this price level.