Steem has broken down today. The movement to the downside has increased with the Asian Markets opening. The volume is low and Steem will be pushing support on the 4 hour at $2.60. The problem is that the MACD has just crossed to the down side, thus there looks to be more room to move lower. The RSI is bottoming out however.

The one day is showing that the bottom is close but there is still more room lower. We will be trading at the levels between $2.50 and $2.60.

4 hour

1 day

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(We are not professional traders this is just our opinion. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.)