Steem performed well yesterday, it rose 3.5% and manage to close make a higher high and a higher low and close above the 10 day exponential moving average. Here is the daily chart:
Comment: However, today is another story, Steem is currently down 6% and we are right now below the 10 day moving average. We dont want to go lower than 3.77 because then we would take out yesterdays low.
The next target to the upside should be yesterdays high, which is 4.15.
Otherwise, the near term target of 4.76 remains to the upside, the peak we had a week ago.
Happy Steeming!