Hello and good evening to everyone at the Tron fan club. The market has rather on a rise for the past few weeks. We have seen most tokens gain valuation. Steem can be seen as one of them. Today we will see steem price movements and reflect on how it has fared.
The week started with Steem gradually rising to the resistance level of 0.287$. Steem got through this level like a butter through knife, showing strength. After the breakthrough, Steem started going up very quickly. Confirming the strenght, Steem then went up to 0.36$, before getting rejected.
After getting rejected at the resistance level of 0.36$, Steem went down to 0.28$. After which, it became somewhat stable. This 0.33$ zone is now a crucial resistance for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.36$ zone ahead of Steem after that. As there is a bullish trendline below Steem now, it needs to hold onto that also.
All Screenshots are taken from Coingecko
After experiencing a few good weeks, Steem is currently showing bad performance. It is up 20% in a week, which is very unfortunate.
No word from this article should be taken as financial advice.
Thank You.
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Thank you so much for giving us this comprehensive and detailed analysis of Steem movement. I think Steem price with your analysis also will definitely surge up in the coming days. I am so sure of that
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Moving Charts: STEEM Prices Analysis is a great post you Have shared.
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