Steem here we go! Expect further upside - Steem & Steem dollar TA 23rd September 2016

STEEMBTC 4HR ANALYSIS (POLONIEX)

As predicted in the earlier analysis that a recovery attempt by steem is on the cards, we finally have a made a decent move to the upside enough to confirm that the wedge has completed and a bigger recovery in the short term is now looking very likely, price has broken out of the wedge to the upside and this move is definitely not a spike and looks sustainable right now so we can expect further upside in the coming sessions.

Key Levels:

Support: 0.00072012

Resistance: 0.00138637

SBDBTC 4HR ANALYSIS (POLONIEX)

Steem dollar is still slowly trending up, almost sideways at some points and we can expect the same behavior in the coming sessions without any moves to the downside. 

Key Levels:

Support: 0.00136244

Resistance: 0.00160522

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