Diary Steemit Bank | 05.03.2023 | Data analysis and forecast for tomorrow 06.03.2023

in hive-109435 •  2 years ago 

Hello steemit world!

Steem Price Analysis.jpg

Based on the provided data, the price of the asset has been quite volatile over the past 30 days, with significant fluctuations both up and down. However, the overall trend appears to be bearish, with a downward trajectory since the beginning of the month.

The price dropped by 7.31% on March 3, and has continued to decline since then, albeit with some brief rebounds. Yesterday's closing price was slightly lower than the opening price, which suggests that the bears are still in control.

Looking at the technical indicators, the Relative Strength Index (RSI) is currently at 43.87, which is in the neutral range. The Moving Average Convergence Divergence (MACD) is negative, which indicates a bearish signal.

Screenshot_34.png

Based on this analysis, it is difficult to predict with certainty what the price of the asset will be tomorrow. However, given the current trend and technical indicators, it seems likely that the price will continue to decline. Therefore, my prediction for tomorrow's price is that it will be lower than today's closing price.

Be carefull. Assess risks correctly.
Sincerely, your Steemit Bank.

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