Steem was struggling today and closed at $5,9. That was below the important trendline we have been talking about earlier so that could mean some bad news for the short term. Here is the daily chart:
Comment: However, there is another supporting trendline a little bit lower, but it was still a defeat not to close above the upper trendline. The lower supporting trendline is right now at $5,5.
What needs to happen now is a good day today (Tuesday) where we will have a close at least above $6,5 or preferrably at $6,9 so watch out for those price levels.
I expect a lot of resistance in this current price area around $6 so it could potentially be a tough day today.
Happy trading!
i try to look at the positive part of things and the price of steem falling can only help those who don't have much steem to get more .so its partly agood thing
Si es cierto ha bajado un poco, es beneficioso en mi caso por que podría aumentar mi steempower a un menor precio, pero también deseo que aumente y se que va ser asi en este 2018, por aumentamos también nuestras ganancias, mucho exito
Steems on sale!
Every cryptocurrency are falling even Ripple has hit a lot after coin market cap announced that they won't consider Korean exchange anymore.... I guess it's now time to hold tight the coins that you have @freeforever!!
I don't mind because STEEM/SBD is my only HODL and it's best when I could be just making more STEEM/SBD while other people loose interest.