STEEM/BTC technical analysis - major resitance and more consolidation ahead

in #steem9 years ago

This is the daily chart for STEEM/BTC at Polniex. The last ten days have shown major resitance between 0.00377 and 0.0045 BTC. Unless the daily candle closes above 0.0045 with a good ammount of volume expect more consolidation in the current range 0.00326-0.00377. Keep an eye out for increases of volume that could show bigger players trying to buy up coins while supressing the price. There could also be continued market sells from people cashing out Steem. Disclamer Not advice, your capital is at risk