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RE: Steem Price Analysis STEEM/BTC Bullish Signs for Steem

in #steem • 8 years ago (edited)

UPDATE 2

Price has been moving sideways and appears to be consolidating in this range. Steem buyers need to break the resistance at the 0.236 fib (0.0028 BTC) if they want to see more upside.

Downside targets still remain near the fib support at the 1.618 extensions (0.0024 BTC) and a further possible downside target of 0.00224 BTC at the 1.272 fib projection. If sellers push price to this level it would retest previous lows and could act as a nice support zone. This area looks to be decisive in this battle of the "Bulls Vs. The Bears".

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Once the market chooses a direction and we see some action I will continue my analysis.

8 years ago in #steem by
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