Sideways Price Action
Hello Steemians, Crypto prices are still trading sideways with low volume. There is little activity but at least we have temporarily stalled the downward momentum a bit. Let's have a look at BTC.
Prices are creeping up slowly toward the 50 EMA and the neckline (yellow straight line on chart) which is around 6700 and 6800 area respectively. They are resistance and for any sustained rally prices must break through them on high volume.
Steem is still crawling along the bottom of the chart with distinct lack of momentum. From point of view this system now needs a trigger event to stage a rally.
Disclaimer: This is NOT professional advice, this is all just my own opinion and experience. I am NOT a Certified Financial Adviser. Consult professionals for any financial, accounting or legal related questions you have.
Charts are created in Tradingview.com, which is a free service.
Another new Crypto News 😊....very beautiful describe ❤😊❤ Excellent reporting! and Steem very low this time 😥. Great work azircon!
Low is the story of the day.
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