STEEM RARE WINDOW | RSI ALMOST IN OVERSOLD
Yesterday made a new low of 1.844 and bulls buying the dip manage to push it back up and recover some grounds closing it with a hammer alike candlestick. Rare window whereby the RSI on steem is nearing the oversold zone. The last time when it hit the oversold zone, it was Mar 2017.
Maybe it might test the next major support level at 1.76 (orange) where there’s a lot of touch points on previous consolidation between 1.76 to 0.82
Short term moving average trend still down.
SBD/STEEM hovering just slightly above 1 range.
Overall steemit posts payout reduction again due to falling steem price.
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