I expect new uptrend from this 1.19 level. First target 1.72D - 1.84D
Today we can see on the daily chart the steemians currency, the steem dollar, reaching an important psychological level that has served as support on past occasions. If we see this daily chart, we can realize that for the 2 months the price of the steem dollar has been ranging between 1.50 and 0.80, creating important signals at this levels. Today, the price is...
Short term bearish... Probably.
The direction of the support and resistance lines show the continuation of the decline with gradual stabilization. The expected level is $1.15 at the current Bollinger Bands center. The next level is defined by support at $0.98. That's when it's going to be worth buying. Now the price is at the upper Bollinger Bands border and Stochastic RSI is in the overbought...
Easy crypto signal. Green line shorter term long uptrend signal. Red line shorter term downtrend signal. Green dots longer term uptrend signal. Red dots longer term downtrend signal. For more volatile price action you need to go to lower time frames.
Steem is currently rangebound and is due for a nice move. Had a nice bounce off the .618 retracement, and the 1.618 extension has confluence with historical resistance.