Steem Price Prediction and trade with Different Indicators || Steem Alliance Community.

Hello Everyone,

Good evening everyone, how are you. I hope you all guys will happy and good. By the grace of God, I am also good. Today I am here with new post in which I am going to share my trades and market outcomes.
Understanding the trand of market is essential for a smart move/decisions in trading. Lets take a look at the recent trends for STEEM compared to USDT with technical analysis.

Currently, the price of STEEM is near the 0.1994 level which is drop of 4.06% over the last 24 hours. The impact in price of steem is done due to btc downward movement.

Technical Analysis by using indicators

Bollinger Bands

Bollinger Bands is my favourite indicator. Basically it is used to measure market volatility and help identify overbought and oversold situations. If we look at the screenshot of 4 hours candle stick then we will find out the below points.

• Upper Band : 0.2118$
• Middle Band : 0.1957$
• Lower Band : 0.1796$

The current price is just below the middle band that suggesting a neutral and bearish trend.

Relative Strength Index Indicator

RSI is 51.54 level on the 1D chart, STEEM is in a neutral zone neither overbought nor oversold. But i am expecting that the price will not hold this state and it will down below this point.

Price Predictions with Trend Lines

• Trend lines on the 1 day candlestick show key levels:
• Support Level: Around 0.1857$
• Resistance Level: Around $0.21495

The steem price is trading at the neutral zone that is at 0.20$. it indicating potential upward movement if it breaks through. If BTC price fall then we will see pullback towards the support level.

We need to wait for the breaking of resistance level that is above $0.2149 or a dip below the 0.1850 for clearer direction. technical analysis and risk management are key in cryptocurrency trading.

My trade is already open in which you can see my market entry level with amount of USDT.

I hope it will be an interesting topic for crypto and altcoin lovers. It would be my pleasure if you will share your opinion and reviews on this topic.

Please cast witness vote to @bangla.Witness or set proxy to @rme.

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Cc: @rme
Cc: @hungry-griffin

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