Market Update on Steem/USD 4/13/2018
Here is your end of week Friday the 13th update. It is not THE Friday the 13th, but merely a Friday that happens to be on the 13th day of the month. The current pattern is in early stages of development but I wanted to point out first that 2.19 held as support so that is a good thing.
Drilling down to a 3m chart it looks like we have an expanding flat developing and price is currently at the lower end of the channel. I'm not too impressed with the internals at the moment and I would rather see better volume. We are right at the current pivot so price will either bounce up to the top of the expanding flat or it will retest the 2.19 level.
Thanks for your consistent analysis! Works great for my periodic purchases. Looks like I late to this one but Im good buying here too.
consolidating
oopsy!
Evolved into a descending wedge. She gonna blow...yay!