We have had quite a roller coaster ride for Steem during the last 24 hours, but not that strange due to the news that came out from South Korea that Steem can now be traded on Huobi. You will get a lot of volatility when you get news like that.
Anyways, here is the daily chart:
Comment: As you can see from the chart, we got a very nice move yesterday, we managed to touch 4.66 but closed at 4.22.
That meant that we closed at 21,6% up, not too shabby, but today is a completely different story, at this time of writing, Steem is down 14% but not unexpected after the move we had yesterday. We will just have to wait and see how we will close today and then make another analysis. We could continue to go down a little bit more, perhaps to 3.30.
Otherwise, when we look at the upside, Im looking at 5.50 next.
Happy Steeming!
According to https://cryptomiso.com STEEM had the 57th highest Github commits of all cryptos. That's just 1 spot below Ethereum which does make things look good.
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The buyers just cleared out the sellers at $3.00. My next target is $4.50.
It didn't hurt that Steem got listed on the Huobi exchange today.
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