Hi,
it seems that Steem is in rising channel on 1h ticks on STEEM-BTC pair. High can be seen on long term falling line - taken from 1d charts tops. If you believe that BTC will have correction soon or BTC will be stagnant in price we should see Steem going in that channel.
Here is graphical analysis:
https://www.tradingview.com/chart/STEEMBTC/xgw15RhB-Steem-rising-channel/
What are your thoughts?
It could rise more - it could fall deeper. No one knows. Those Analysis gives you an indication of how the current state is but it doesn't tell you what will happen.
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