Moving Charts: STEEM Prices Analysis | 10% To @tron-fan-club

Hello and good evening to everyone at the Tron fan club. The market has rather on a rise for the past few weeks. We have seen most tokens gain valuation. Steem can be seen as one of them. Today we will see steem price movements and reflect on how it has fared.

Source 1 Source 2

The week started with Steem gradually rising to the resistance level of 0.274$. Steem got rejected at this level after a few try, showing weakness. After a rejection, Steem started going down very quickly. Confirming the weakness, Steem headed towards the lower support.

After starting losing its bullish trend, Steem went down to 0.191$. After which, it became somewhat stable. This 0.274$ zone is now a crucial resistance for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.3$ zone ahead of Steem after that. As there is a lost bullish trendline above Steem now, it needs to regain onto that also.

---

All Screenshots are taken from Coingecko

After experiencing a few good weeks, Steem is currently showing bad performance. It is down 17.8% in a week, which is very unfortunate.

No word from this article should be taken as financial advice.

Thank You.

VOTE @bangla.witness as witness

OR

SET @rme as your proxy