Steem Price Update and Technical Analysis

in #steem8 years ago (edited)

Below, is the daily and Monthly chart on STEEM. We are in a bullish uptrend. On the daily chart you can see we finally closed above the 50 day moving average. We also have positive MACD convergence and a breakthrough of the zero line. 

The Monthly chart is showing a very positive reversal trend. This is the second Month in a row with bullish buying volume.  

The next level or resistance is around 31k Satoshi's , and we should have no problem moving higher. 

In my opinion I believe we can see a steady rise in the price of STEEM for the Months ahead of us. 



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It's suggested that there will be a limiting of the supply, that surely will have an increase in the price.