Moving Charts: STEEM Prices Analysis | 10% To @tron-fan-club

Hello and good evening to everyone at the Tron fan club. The market has rather on a fall for the past few weeks. We have seen most tokens lose valuation. Steem can be seen as one of them. But we saw a reversal this week. Today we will see steem price movements and reflect on how it has fared.

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The week started with Steem going up to the resistance level (0.174$). Steem got rejected from this quickly, showing weakness. After that, Steem started going down very quickly.

After falling through several support level, Steem went down to 0.159$. After which, it started going up. Thus, Steem utilized the support level there. This 0.151$ zone is now a support support for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.185$ zone ahead of Steem after that. As there is bullish trendline below Steem now, it needs to hold onto that also.

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All Screenshots are taken from Coingecko

After experiencing a few good weeks, Steem is currently showing bad performance. It is down 4.3% in a week, which is very unfortunate.

No word from this article should be taken as financial advice.

Thank You.

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