In this series i analyze the market based on my trading knowledge and experience as a day trader, i do not advise you to take anything i state here as financial advise or trading opportunity please do your own back testing before committing yourself to something

Steem market

In today's series we look at steem on a daily timeframe, steem has been holding a $1 mark for almost two months now and it look more lucky to change the trend after finding a very strong support at $1 per steem. the support is a very strong level we had 3 previous bounces on a same level before, which make it more repeatable and tradeable at the same. in my opinion we might see the beginning of an uptrend early next year when we see the launch of smart media tokens

Good luck if you are going to buy steem using this analysis i hope it pay off at the end. stay tune for more series and update i will keep the readers of my blog updated about this trade and other series