Steem ready to jump off the cliff, steem dollar trending up - TA 20th September 2016

STEEMBTC 4HR ANALYSIS (POLONIEX)

Steem continues to plunge as sell off continues, currently it is once more headed down after breaking to the downside from the previous sideways structure, the next lag down when volume picks up should see price quickly moving below 0.00065245.

It is unlikely that we can see any moves above or even towards 

0.00096571 area which would have provided a short term pause to the plunging prices and allow for some slight recovery.

Key Levels:

Support: 0.00065245

Resistance: 0.00091705

SBDBTC 4HR ANALYSIS (POLONIEX)

The steem dollar is in an uptrend and is once again expected to trend up slowly along this channel, any downside is expected to be held around the bottom trend line 0.00142967.

Key Levels:

Support: 0.00142967

Resistance: 0.00157404

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