Daily Steem Price Update: Comeback Day For Steem, But Just Temporary?

in #steem • 6 years ago

Hey there Steemians, Steem has finally woken up a little bit from the last 10 day bloodbath. Lets look at the daily chart:

FireShot Capture 1380 - STEEMUSD_ 3.07849680 ▲+12.61%_ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: We have found potential support around 2.60 and within the next coming days we will find out if we will retest this area or continue going up from here. At this time, it is impossible to tell. We could potentially form a bear flag.

What we need in order to be sure that this is not temporary is a daily close above 3.60 which isabove the next fibonacci level and above the descending trendline.

The current price at around 3 USD is resistance area and the next resistance is up at 3.45 and then 3.90.

Happy Steeming!

#steemit #cryptocurrency #altocin
6 years ago in #steem by
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