Steemit : A Simple Technical Chart....

in #steemit • 7 years ago

Capture.PNG

As shown in the chart , Steemit resistance is at 1.43. It broke the resistance on good volume and went all the way to 2.8.
It then fell back to 1.00 USD and has been consolidation in the range of 1.00 and 1.43.

Good thing is that the Volumes are increasing on Upmove and decreasing during Downmove as highlighted in yellow marker.
A strong close above 1.43 for few days and sustaining it would give the impetus for higher target. Key is strong close above the resistance level of 1.43 USD.

#cryptocurrency #bitcoin #crypto #technicalanalysis
7 years ago in #steemit by
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