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RE: STEEM - Is the price about to recover ?
Update on 13-Jan-18@4am: Price has broken above the downtrend line and appears to have formed an uptrend (see updated 1-hour chart below). Although not guaranteed, it could follow the path within the channel shown in pink. If it breaks out of the channel, this analysis would become invalid.
Update on 13-Jan-18@2pm: So far, the price seems to be following my predicted path (see updated chart below). Now at around $6, will it bounce back up from the lower channel ? We'll have to wait and see !
@vincentb @jerrybanfield @good-karma @marketreport