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RE: STEEM update 29.09.17

in #steem7 years ago

Thanks again for the updates.

It does look like the huge run up is has a blowoff top on it.

Yes it does set up nicely for a hard pullback.

Not sure what caused the runup....a shape like this usually means some news got the buyers chomping at the bit only to realize it wasnt as expected. I didnt see the news drive this.

Either way, EW doesnt give much weight to news. A pullback to the $.70 level would make me very happy.