Hello and good evening to everyone at the Tron fan club. The market has rather on a roller-coaster for the past few weeks. We have seen most tokens loss and gain valuation. Steem can be seen as one of them. Today we will see steem price movements and reflect on how it has fared.
The week started with Steem gradually rising towards the resistance level of 0.152$. It was a rather strong resistance level. Fortunately, after several tries, Steem gathered enough strength and broke through the resistance. So it reached as high as 0.1757$.
After gettkng rejected at the level of 0.176$, Steem fell sharply. On the upper part, this 0.162$ zone is now a crucial resistance for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.176$ zone ahead of Steem after that. As there is a bearish trendline that Steem beaten recently, there is hope for higher movements.
All Screenshots are taken from Coingecko
After experiencing a few bad weeks, Steem is currently showing mixed performance. It is up 4.1% in a week.
No word from this article should be taken as financial advice.
Thank You.
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Moving Charts: STEEM Prices Analysis is a great post you have shared.
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I learned a lot by watching Moving Charts STEEM Prices Analysis, thank you.
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