Yesterday I looked at a Daily chart and mentioned the support area of 2.80 level. I am taking a dive on a 4hr chart today.
Price has a clear support around 2.50 level and also around 3.30-3.50 range. If price can bounce off 3.50 level then it has a potential to move up and break the down moving trend line because it will create a Higher Low at this level.
If price does move down then it will meet a strong support near 2.50 area. This level is ultimate and needs to hold for Steem to really continue its bull trend. I will be keeping watch at these 2 levels.
If you like it please upvote it and resteem it and comments are welcome.
NOTE: I am not a financial adviser and this is for education and entertainment purpose only. This is not a trading advise and just my opinion, please trade at your risk and do your research.
Looks like a descending triangle forming. Let's see if it resolves up from the pattern.
Nice TA. Hope it'll bounce.
Thanks for your comments. Lets hope so.