The drop continues but this may be the bottom. We have re-drawn our support line to the $1.70 level. The last time Steem was there was on 4/6/18. You will have to go back to 12/15/17 to the previous time Steem was at $1.70.

The RSI and the MACD are bottoming out. The RSI, on the one day is at all time lows.

The important thing to look at is the downward channel where Steem is pulling away from the downward trend line as it finds support at $1.70. If Steem breaks through this level of support it will move down to the $1.39 level.

On the 4 hour the RSI and the MACD are turning up.

We will be adding to our position here.

4 hour

1 day

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(We are not professional traders this is just our opinion. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.)