You are viewing a single comment's thread from:
RE: Steem Price Technical Analysis - Steem Continues to Fall, How Low will it Go?
Good call on that fibs cluster!
We might get a daily bullish engulfing candle, which I assume would at least lead to some sideways (ranging) price action for the next few days. It could also mean that a bottom is in (although it likely needs testing after such a long movement downward - double bottom)
Right on @jamesbrown, thanks. So far so good, we could see a retest of the lows like you mentioned and if it holds we could see a reversal in the area. Thanks for pointing out the bullish engulfing candle on the daily, looks good.
View Image