Yesterday STEEM rejected hard off the 13.8K-14.3K satoshi supply zone. It almost created a perfect double top. At the moment, it’s finding support at 12,150 satoshi. Currently I’m not seeing a good trade setup.The daily RSI is finding resistance at 51. A break above this would be a very bullish sign…but don’t hold your breath.
The daily RSI is finding resistance at 51. A break above this would be a very bullish sign…but don’t hold your breath.
Looking at the daily chart, price just dropped below the 21 day EMA.
In today’s video analysis, I discuss price movement in the short term, traps to avoid, where I’m stacking in buy orders and MUCH more. I hope you find it helpful.
Short Term: Neutral
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!