Steem losing steam once again, steem dollar heading lower - TA 19th September 2016

STEEMBTC 4HR ANALYSIS

Steem was unable to sustain the gains made earlier and broke down once more after a period of sideways movement following the small correction to the upside, we can expect price to quickly go to new lows now once again.

No movement to the upside is now expected and it is a good sell once again for those who want to add to the selling pressure.

Key Levels:

Support: 0.00068839

Resistance: 0.00097033

STEEM DOLLAR 4HR ANALYSIS

The steem dollar is an expanding triangle correction as we have mentioned earlier, price is now expected to go down towards the lower trend line of this triangle from where we can once again expect a bounce. Any break below this trend line below 0.00135695 would signal that the triangle is complete and we will start a down trend.

Key Levels:

Support: 0.00135695

Resistance: 0.00153554

 
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