Daily Steem Price Udate: Horrible Day For Steem In USD

in steemdollar •  7 years ago 

Steem performed a little better against Bitcoin, it rose 1% BUT it also fell 9% against the USD. Here is the daily chart:

FireShot Capture 1072 - STEEMUSD_ 2.19539135 ▼−0.06% _ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: Steem did form a very negative candlestick so based on that we should continue to go down tomorrow (Thursday).

As of now I dont see any sign of a reversal but we are definately in oversold territory so it could happen soon.

Happy Steeming!

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what does this mean? in simple terms lol