The chart of note is the one day as Steem as returned to a critical level of support at $1.18. It has been 6 days of bearish activitiy as the RSI is bottoming out and the MACD has crossed Bearish. The volume has been above average but is declining. Steem has been trading in the tight range between $1.18 and $1.77 since 6/13/18 and thus this channel is well established.

We are trading Steem here as will be fading into positions starting today.

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.)