Market Update on Steem 8/9/2018

Once again we see support at $1 creating a technical bounce. Since price turned at cyclical time and price I will consider the low of $0.97 as of 8/8/2018 as important and significant. Watch for this bounce to move past the resistance of the descending wedge into the $1.30 range before consolidating.

On a drill-down to the 3m chart market internals are looking strong.