STEEM Recovering After The Last Two Weeks Corrections
On March 10th, STEEM appreciated more than 2,700 satoshis, growing from 11,680 to to 14,390 in just 24 hours. As expected after such a sudden upwards move, a correction followed. That correction took the price below the initial mark, for about one week.
You can see this more clearly in the daily chart screenshot below, taken a few minutes ago from Binance.
As of today, we are witnessing the biggest green candle since March 10th, which may indicate at least a slowdown of the downtrend, if not a reversal. Obviously, the day is not over and the volume is not impressive, but the last 18 hours have seen a consistent uptrend, as you can see from the 6 hours chart from the same source:
So I think we may see a green candle at the end of the day.
Like I said, this is not very big in terms of volume, but at least indicates that the selling / correction pressure is easing.
Steem on!
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Steem doing very well in the last few weeks i'm very optimistic
@dragosroua,
I think STEEM should reach atleast top 20 list in CMC, and then it might be the real correction of the price and volume!
Cheers~
The whole crypto market seems to start reversing little by little. Steem/USD chart is about to cross 200MA for the second time. And unless something unexpected happens this afternoon, the month will close with the third green candle, something which has not happened since the end of 2017
It’s the time to go up
Hopefully it crosses half a dollar
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My concern is whether the uptrend in price of steem can be sustain this coming week, in other to build more confidence on the platform @dragosroua
I hope steem continues to increase more and more and goes up
Good analysis. I’d love to see Steem over .50
Likewise.
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The correction happened now time to go up again : )