Daily Steem Price Update: Up 10% Today, But Still Below Important Median...

in #steem • 7 years ago

Hey there Steemians, Steem did very well today, not as well as Steem Dollar but we should celebrate anyways. Steem rose 10% today and here is the daily chart:

FireShot Capture 965 - STEEMUSD_ 4.35245696 ▼−0.54% —_ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: Now, we formed a very bullish candlestick on Wednesday and if that is any indication for tomorrow we should continue to go up. However, as long as Bitcoin is the main locomotive, we must follow it and see what it does tomorrow.

So, regarding the chart, we have still not closed above the important bollinger band median, we are right below it and it would not surprise me if we were to have a close above it in the next couple of days.

If we can do that, Im looking at 5,50 which is the next major resistance level.

Happy Steeming!

#steemit #cryptocurrency #altocin
7 years ago in #steem by
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     7 years ago 

    STEEM should follow up with BTC and SBD since both have broken out of their ranges! I am pretty bullish for these next few days for the crypto market. Followed you since I do SBD TA updates as well!

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       7 years ago 

      Thanks for the update

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