The selling pressure on STEEM is so high that is being impossible to break the 50 Days Moving Average.
Today, we have had a very good upwards move in the price action of STEEM. STEEM has managed so to reach the 0.164 USD in a few hours but, immediately after, sellers have appeared again dragging the whole movement.
We really have a strong hurdle for STEEM to pass through the 0,16 USD level...
The good new for me is that there are no lower lows since 3 weeks already so for me the bottom on the STEEM price is IN.
The only I hope now is for STEEM to finish filling the selling orders accumulated around the 50 DMA and start building another trend from here.
Patience.
The bottom is in. For now. But everything can change in an instant.
The bottom is in.
For now. But everything can
Change in an instant.
- d0zer
I'm a bot. I detect haiku.
Diversifying into SCOT Tribes and @steemmonsters cards has been a good move for me. I go lucky today and got a Gold Foil Manticore for the Daily Quest.
!trdo
Good strategy then, well done!
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Thank you for the analysis!
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hahaha, more than analysis is a written thought ;-)
I have heard that Steem inc. will have to increase STEEM sales pressure in order to be able to pay for SMT developments... will it be true?
Where did you hear that?
In a Discord channel.
Thanks for posting from the https://Steemleo.com interface 🦁
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