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RE: Steem Technical Analysis 16 September 2018.
we see the spike today. your analysis on STEEM was true. seeing an upward trend for STEEM and others have fallen. so this would be called a sidewave trend followed by upward trend. Is that correct to assume based on your analysis?
Hi @gungunkrishu, sidewave trend means price sets high and low then price touch high and low many times. Then price breaks either upward or downward. So it is expected for steem that downtrend is over and after sidewave trend price of steem will break upwards then upward trend will be started.