Market Update on Steem/USD and Silver (XAG) 1/15/2018

in #steem7 years ago

Summary: V-shaped recovery in price over the weekend. Having punched over 6.20 three times in the last 2 days is bullish. Watch for a reach back to 7.10 as that would be a sign that Steem will be making a run for ATH.

Since the cash market is closed for MLK, I will cover XAG. Money is taking silver over important resistance levels without the retail public participating. If this surprises you then you have not been following the markets for very long. Watch for a gap up in SLV tomorrow morning that catches everyone with their pants down.

Trade safely!

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Intraday Triangle forming on Steem/USD

Intraday minor attempted slam-downs, all unsuccessful. Sideways consolidation

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STEEM Price : 5.623 $ ID : 1516050630000

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