Steem and Steem Dollar Daily Analysis - more downside expected for steem, 14th September 2016

STEEM/BTC 4HR ANALYSIS (POLONIEX)

Steem was not able to stage any recovery and the attempts made during the small correction up we had earlier were met with strong  selling pressure that sent the price down towards the previous lows around 0.00096566.

A break to the downside looks imminent, we will see further loss in the coming sessions and the resumption of the main down trend. Any chance of recovery looks very slim now and only a move above 0.00050039 can stage any recovery.

Key Levels:

Support: 0.00096566

Resistance: 0.00050039

STEEM/ETH 4HR ANALYSIS (POLONIEX)

We have the same scenario as in STEEM/BTC, a break down looks imminent with bleak chances of any recovery at this stage. The break to the downside would resume the main down trend, any recovery has to see the price taken above 0.06256218 to stage a recovery in the short term.

Key Levels:

Support: 0.04497288

Resistance: 0.06256218

STEEM DOLLAR (SBD/BTC) 4HR ANALYSIS (POLONIEX)

Steem dollar is in an up trend and expected to continue to go up, any downside is expected to hold around 0.00134325 level with any further loos looking unlikely. Price is choppy as usual but the direction it is headed is the upside without a doubt.

Key Levels:

Support: 0.00134325

Resistance: no immediate resistance nearby

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