Steem (STEEM)- Trading Update - Morning Analysis - 07/01/18 - Recovery!
If you look at the four hour chart you will see significant bull volume that happened yesterday at 6/30 06:00. This went on for 16 hours and the volume increased. In the last 12 hour period the volume dropped as the bears stepped in. The MACD and the RSI sky rocketed. It looks like Steem is trying to consolidate at this time.
The one day chart is very bullish as Steem has moved above the 50 day moving average which as been significant resistance since 5/6/18. The MACD and the RSI look like that have some room to go so the move to the upside may continue.
4 hour
1 day
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(We are not professional traders this is just our opinion. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.)
I'd love to see it get up to $10 one day. I remember $8 Steem, and that was pretty cool. Seeing where it is now is a little disheartening, but I've also looked at it as an opportunity to buy a lot of Steem.
that's right! It's be tough to raise your SP without some dips at the moment! When it's $8 again, much harder to do.
We have been trading Steem. We have to be sure we don't over extend here.
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Due to you when Bitcoin will going $18000 in August or end of 2018?
I just hope we get back to $10K.
Yay! It was a nice surprise to pick some up cheap but very glad it's rising!
We have been buying and selling it actively here.
I wouldn't be so sure, it's a rally but is it a recovery? I say no.
so am I, just be careful!