STEEM UP AND DOWN

in #steem8 years ago

Wow yesterday range was madness probably the wildest in the week. From breaking the consolidating zone of 2.26 and all the way down to almost hitting the lower bound of the consolidation zone at 1.76
Candles made new highs compare to the past few days looking to break the consolidating zone but quickly got push back by the bears and close off like a long tail doji. Again move in sympathy from big brother bitcoin. Can the support at 1.76 hold or will it test the big channel (top) resistance/support level.

Screen Shot 2018-03-25 at 9.59.53 am.png

Short term moving average : crossed lacking confirmation which now looks like turning into bearish cross soon.
RSI : looks like heading down again, like previous round where after a period it may test oversold again 2-3 times at intervals.
SBD/STEEM : 1.024
Screen Shot 2018-03-25 at 10.00.18 am.png

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