STEEMBTC 4HR ANALYSIS
Steem was unable to sustain the gains made earlier and broke down once more after a period of sideways movement following the small correction to the upside, we can expect price to quickly go to new lows now once again.
No movement to the upside is now expected and it is a good sell once again for those who want to add to the selling pressure.
Key Levels:
Support: 0.00068839
Resistance: 0.00097033
STEEM DOLLAR 4HR ANALYSIS
The steem dollar is an expanding triangle correction as we have mentioned earlier, price is now expected to go down towards the lower trend line of this triangle from where we can once again expect a bounce. Any break below this trend line below 0.00135695 would signal that the triangle is complete and we will start a down trend.
Key Levels:
Support: 0.00135695
Resistance: 0.00153554
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment or trading advice. The author does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be held liable for any loss incurred.
About me: I specialize in trading market breakouts, if you like my analysis and want to see analysis in other areas like forex, commodities and indices you can find me in tradingview.com here or contact me through my website www.thepiphunter.com
STEEMIT really hasn't even scratched the surface yet and is an amazing concept. Happy to upvote for the Technicals. I recently posted a couple of articles about STEEMIT, the future of BLOCKCHAIN, Social Media CryptoCurrencies, and how Dan & Ned have just opened Pandora's Box on Mainstream Media. You may find them interesting to read. Following and always looking forward to reading more of your stuff. Cheers. stephen
(Butt pain) [
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Nice analysis. Followed.
thanks!
How much of this has to do with the available supply and additional miners? https://coinmarketcap.com/
that's hard to tell but I don't think it would account for much of these moves.