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. Today we will see steem price movements and reflect on how it has fared.

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The week started with Steem gradually falling towards the support level of 0.132$. What a strong support it was before! But alas, this time Steem was too weak to bounce on that level. Instead Steem fell through the level and went down to 0.114$. Soon it bounced back.

After bouncing nicely at the level of 0.114$, Steem ultimately started going up. On the upper part, this 0.132$ zone is now a crucial resistance for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.15$ zone ahead of Steem after that. As there is a 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 mixed performance. It is down 8% in a week, which is very unfortunate.

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

Thank You.

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