Steem stages a recovery, rallies up 25% - Steem & Steem Dollar TA 18th September 2016

STEEMBTC 4HR ANALYSIS (POLONIEX)

A small correction has begun and price was able to recover around 25% only to see half of those gains lost within a few hours, at this stage we can once again expect some more sideways movement and perhaps a few small spikes to the upside as small buyers gain confidence, but it's worth noting that currently this is just a small correction of a huge down trend and we have no reason technically, as of now to call the latest low a bottom. I am expecting any attempts to recover further to be met by strong pressure from the sellers and thus deter the chances of any decent recovery from here.

 Key Levels: 

Support: 0.00076429

Resistance: 0.00117307

SBDBTC 4HR ANALYSIS (POLONIEX)

 The steem dollar is in an up trend and currently the price is  consolidating forming a corrective structure which looks like an expanding triangle, we can expect more  sideways movement within this expanding triangle (shown in the chart) for  sometime.

Key Levels: 

Support: 0.00134723 

Resistance: 0.00154895

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