Steem Technical Analysis - Steem is in a free fall

After a high of $1.29 just a few hours ago Steem is going down rapidly right now. Steem lost half of its market capitalisation in 3 hours. Welcome in the world of cryptocurrencies where everything is possible. One Steem is still worth $0.64 so no worries. I hope you sold some Steem at these crazy high levels yesterday. I've used this pullback to buy back the Steem that I sold yesterday.

High on Poloniex: 0.00077800 BTC
Current price: 0.00036989 BTC (-48%)


Open full screen

Support levels

My first support level was at 0.00037700, but that one is already broken. It was the high of 2 days ago and also the start of the breakout yesterday. (orange circles)
My next support levels are 0.00034500 BTC and 0.00032000. (the blue lines)


¯\___(ツ)____/¯ Don't miss out on my next post! Follow me @penguinpablo

H2
H3
H4
Upload from PC
Video gallery
3 columns
2 columns
1 column
15 Comments