After a couple of weeks of grinding bearish action, STEEM finally put in a definitive bottom versus Bitcoin in the past day. It starts on the short-term chart and moves out in time. I don't have a lot of commentary for this post because...
Three Pictures are Worth Thousands of Dollars.
One Week Chart.
One Month Chart.
Three Month Chart.
Watch the rest of the day to see if volume picks up otherwise we're looking at resistance coming in around 0.75mBTC, former support. It may still take a couple more days to build the energy necessary to take STEEM back up towards 1.0mBTC, but this move is powerful enough to mark the bottom and build from there.
It could be a good news. Thanks man.
Thanks for the analysis.
It would be nice if this is the bottem ,I hope so!
Need to see continued volume, but this is a a good sign. A trendline can be drawn from late april high to laye may early june low -- leading up to current price, this would imo be a last resort support.
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