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RE: Steem Price Technical Analysis - Are the Bulls Gaining Control?

in #steem8 years ago

Update

Once again sellers tried to push price lower and failed for the time being. It looks like a triple bottom has formed which is a nice bullish sign, but the last time we had a triple bottom support failed on the fourth retest and dropped to all time lows. This shows us that patterns can fail and often do.

Today, although we had higher lows, we did not have higher highs so the direction still remains unclear. Let's see if the bulls can push price past the 0.236 fibonacci at the 0.0028 BTC mark and sail away to higher highs and a possible breakout.

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