A recovery attempt by steem on the cards, steem dollar trending up - TA 21st September 2016

STEEMBTC 4HR ANALYSIS (POLONIEX)

A recovery attempt by steem is looking like it's on the table but it is a bit too early as there is not enough evidence in the chart to support this and the main picture is sort of neutral which means we can go either ways now. A break below the trend line around 0.00067663 shown in the chart would confirm further downside and if we are indeed able to break above the channel shown in the chart around 0.00079077 area there is a good chance for a decent recovery in the short term.

Key Levels:

Support: 0.00067663

Resistance: 0.00079077

SBDBTC 4HR ANALYSIS (POLONIEX)

Steem dollar continues to trend up slowly along the channel and is expected to continue up and any downside is expected to be held around the bottom trend line area 0.00142012.

Key Levels:

Support: 0.00142012

Resistance: 0.00157385

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