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RE: So...This Just Happened

in #steem6 years ago

I love getting technical. :)

Honestly, I don't think we should be calling this a pump and dump. According to the technicals, there could be one lower low somewhere around the 0,35 area, but I don't think we're going there. It's been 9 months since ATH. Things have to turn around at some point already. We all know STEEM is not a scam coin and unlike most other coins, it has a working product.

I would credit the suspended access to the hardfork.

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Potential for $0.35, eh? But you think we've moved beyond that. Well, a dip down to $0.35 would allow me to buy some more STEEM, but I think I'm ready to see things open up a bit, see how fast this puppy can fly. We're back above $1 again on another spike and drop, so who knows. Someone is having a some fun out there.

Yea. It's where there was the highest amount of trading volume in the past. I wish I could show you the graph, but I've lost my TradingView trial.