Steem chart review, Sept 13th 19:30 PST

in #steem6 years ago

Here is the weekly chart of steem since the inception.
The last few months have printed all red heikin ashi bars that illustrate the downtrend.
It is right at the .72 support level and stochastics are embedded to the downside.
All bearish

The daily chart does not look any better as you can clearly see the downtrend and consolidation.
Keep an eye on the .72 level support. Will it hold???

A daily line chart of Steem in blue and SBD in Orange

A daily line chart of BTC in red and Steem in blue. Not too much correlation over the last few months.

Google trends for the search for Steemit. It's down just like the price..........

Keep an eye on BTC as that is the crypto that really influences the entire market. No one really knows when the consolidation period will end or if the bear market will continue...................???

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The whole crypto market is now unstable. BTC rises one day then it goes down next day with any rumour. So i'm eagerly waiting for stable market so that SBD will go it's real position. Hope for the best..

Crypto has got to be the most volatile market around

Nice analysis and i am waiting for steem dollar stability and its high position. Your information was nice.

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STEEM 0.35
TRX 0.12
JST 0.040
BTC 70351.33
ETH 3563.43
USDT 1.00
SBD 4.72