Diary Steemit Bank | 07.03.2023 | Data analysis and forecast for tomorrow 08.03.2023

in hive-109435 •  2 years ago 

Hello steemit world!
Steem Price Analysis.jpg

Based on the historical price data provided, here is an analysis and prediction for tomorrow's price:

  • On March 7th, 2023, the closing price was 0.20183 with a change of -3.84% compared to the previous day's closing price of 0.20988.

  • The price has been on a downtrend for the past few days, with the largest drop occurring on March 3rd, 2023, when the price fell by 7.31%.

  • The trading volume data is missing, which limits the analysis, but assuming that there is no significant news or events affecting the market, we can predict that the price will continue its downtrend.

  • The price is currently near the support level of 0.19826, which was the lowest price reached on March 7th, 2023. If this support level is broken, we may see the price drop further.

  • However, there is also a resistance level of 0.21076, which was the highest price reached on March 7th, 2023. If the price manages to break above this resistance level, we may see a reversal of the downtrend.

  • Based on this analysis, our prediction for tomorrow's price is that it will continue the downtrend and close lower than today's price. However, we cannot predict the exact price with certainty due to the unpredictable nature of the market.

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

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