Moving Charts: STEEM Prices Analysis | 10% To @tron-fan-club

Hello and good evening to everyone at the Tron fan club. The market has rather on a rise for the past few weeks. We have seen most tokens gain valuation. Steem can be seen as one of them. But we saw a reversal this week. Today we will see steem price movements and reflect on how it has fared.

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The week started with Steem gradually rising to the resistance level of 0.184$. Steem got though this level quickly, showing strength. After two retests, Steem started going up very quickly. After the double bottom, Steem headed towards the upper resistance.

After starting its upward journey, Steem went up to 0.268$. After which, it started falling down. After the sudden jump, Steem got rejected at the resistance zone. This 0.20$ zone is now a crucial resistance for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.23$ zone ahead of Steem after that. As there is bearish trendline above Steem now, it needs to regain onto that also.

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All Screenshots are taken from Coingecko

After experiencing a few good weeks, Steem is currently showing bad performance. It is down 5.3% in a week, which is very unfortunate.

No word from this article should be taken as financial advice.

Thank You.

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