STEEM Trading Interesting Day - Bouncing Off The $6.25 Ceiling
Hi guys, take a look at today's STEEM price chart:
You can see that STEEM tried to get above $6.25 level four times and failed. This was accompanied by pretty high volume. Now, from technical analysis we know two things:
- the more times the level is tested, the stronger this level gets
- the stronger the level, the higher the price move once this level is conquered
So, pay close attention to STEEM price - once is get's above $6.25 we can witness a nice price surge. Let's hope it happens!
On a side note - not much happening with SBD today:
Notice the declining volume, currently at only 1 mln USD. Usually it means that both the buyers and sellers can't agree on the price - the buyers don't want to buy so high, the sellers sell so low. Soon or later one of the sides will "break" and the SBD will settle at new price.
Thank you for the valuable information :)
wow that's so cool wanna see steem breaking that mark
I think it will come down a bit and it is going up
🤗
안녕하세요~^^
thats great news
this? Tip! work?
Hope it increases alot
Your analysis is interesting. It is like predicting the strength and value of the Steem according to the level. I do not speak English. I have to translate your posts but I am very impressed by your posts. I want to get more profits here. but very little I receive votes.
I really like this! Definitely awesome!