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RE: $STEEM/BTC Poloniex+Bittrex Technical Analysis / Market Report Update #217, May. 18 2017.

in #steem8 years ago

COMMENT

During the past 3 days the price seems to be settling around the 48k line, at the moment being traded just a little bit above it.
if the 48k satoshi line holds as support I would expect the price to go up to 60k satoshi in try for a break upwards with new potential resistance at 65k and 70k satoshi.
If the 48k level fails to hold I see STEEM meeting next support at around ~43.7k satoshi, with the next one in my opinion being around the 40k level.