Daily Steem Price Update: Fell Slightly Today, But Had A Daily High At 4,81

Steem was moving similar to Steem Dollar today but was a little bit less successful. It actually fell 1%, not much and I dont consider it particulary negative. But lets analyze the daily chart:

Comment: Steem is experiencing a lot of resistance around the bollinger band median. We barely closed below it today but if we will be able to get a daily close above it (at 4,38) I do think that we will get a pretty massive move up.

If we look at the stochastics, it does look pretty good, we are right now at 63 so there is plenty of room to climb higher here.

Obviously, my next target is above 4,38 but we were actually a lot higher than that earlier today, we touched 4,81 but we could not hold it for a close.

As I mentioned in my Steem Dollar Update, I do think we might need a higher volume day in order to get a massive and sustainable jump from current price levels.

Happy Steeming!