STEEM has broken below the critical 9,800 satoshi support. If the daily candle closes below 9,800, I think price will likely drop to at least 9,000, possibly as low as 8,000.
Looking at the weekly chart, we may find support at the bottom Bollinger band. If 9,000 satoshi is breached, I’d look for a reversal between 8,200 and 8,000.
Clearly the above analysis is dependent on Bitcoin.
In today’s video analysis I discuss, key areas to watch, where price may be heading next, possible buy zones and so much more. I hope you find it helpful.
I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!
Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research before investing.