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RE: STEEM Price Analysis – January 10, 2017

in #steem8 years ago

Looks to me like the 0.000145646 level is well fortified as we haven't closed beneath this price since early November. I think the bottom is in and there momentum building on the RSI as well as double bottoms on the OBV and The Willy Indicators.

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Yes, support looks pretty strong around current prices and down to ~$0.13. Even if that doesn't hold, there are a ton of standing buy orders and some longer-term support at $0.10.

I don't know if the bottom is in, but it would take a lot to reach new all-time lows. Near-term, $0.13 - $0.14 looks like the place to buy if you're a trader. Above $0.16 would be a good place to sell. Long-term, accumulating now at any price between should be fine.