The trading on STEEM is getting very interesting. I believe we are days away from a turning point.
STEEM moved down and expected as the volume dropped off significantly.
The interesting thing is that STEEM is still holding on to the upward trend line which is a few days away from intersecting with the 50 day moving average.
The MACD and RSI are still Bearish.
If STEEM holds the $0.12 level for this 24 hour candle I put the odds at 70-30 that the next move will be up and visa versa.
Overall if we look the future prediction of steem in mid term then we can see the rise till $.30 cents in six months time. If market behave abnormal in upside direction the the steem price can go to further higher side. In short term steem will trade range bound despite some good news come like aquire by any group.