[Steem] [Investing] Is it a calm before the storm?
The bad...
Remember the graph from yesterday? Let's have a look at it again:
and now look at the graph that represent the current situation:
Yup, not much has changed from yesterday, we weren't able to surpass even the resistance on 2.20$, not speaking about that 2,36$ lnie marked in yellow.
The good...
It's been a stable day, I've been monitoring the currency value during the day and I can say we're at least getting quite stable. If this trend continues then we might be seeing much more green candles then we've been accustomed to recently. Next couple of days will be crucial to determine on what's gonna happen next.
A calm before the storm?
As far as I'm aware the bitcoin is somehere in the ~9000$ ballpark which means it's getting more stable with each day (again) and I think that it's a good sign for all cryptos. Adding to this, I've recently noticed that Steemit has changed the way that payouts work, looks like you not only get Steem Power and SBD now but also Steem itself. I'll have to do more research on that later on, if you have any information about this, feel free to discuss in the comments :)
Now I think that this calming that we've seen today is a good sign that Steem is finding a stable ground. I assume that the situation will clarify during the next days and I hope that we will see a sudden rise as we approach April (as expected before).
DISCLAIMER
All the above statements are my private thoughts on the topic of cryptocurrency, market and investing. Do not use them to make any investing decisions. The author does not take any responsibility for your actions.
Always think twice while investing - it's your hard earned money and you have to be aware that you're taking the risk and might lose them! That's why you should never invest more than what you're fine to lose.