Will the Price of Steem Gear Up?
So as most of us saw, the price of steem didn't really participate in the crypto market move earlier in the week.
However, we have seen a turn higher the past couple days which puts price in position to easily shoot up and test the resistance area around 58 cents.
Buyers Come Out and Play Please
He's the rub though - volume, more so lack thereof. The nice sized green candle we got yesterday came on very light volume and the current daily candle is off to a slow start.
Experience tells me that some volume buyers will need to come in for this thing to push through resistance.
Maybe the market on a whole will push again after a little digestion and steem will be part of the party, we can at least hope.
I see steem at $2 in a month or so.
Posted using Partiko Android
Well, steem is trading at 0.96 on Bithumb with a volume of 20m. I wonder why no one is taking advantage of the arbitrage opportunity?
I’m waiting to see what the weekend trading willl do with it as I am due for my monthly purchase but waiting for a small pullback.
Posted using Partiko iOS
Thanks for up-date @scaredycatguide and the easy to read graph....:-)
Steem. It's like your loser cousin.