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 rise 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 to the support level of 0.286$. Steem found a strong support at this level, showing strength. But after several bounce, Steem started going down very quickly. Steem then went down to 0.24$, before bouncing.

After bouncing at the support level of 0.24$, Steem went up to 0.267$. After which, it became somewhat stable. This 0.286$ zone is now a crucial resistance for it. Steem needs to break through the strong resistance zone, with a successful retest. There will be 0.30$ zone ahead of Steem after that. As there is a bearish trendline above Steem now, it needs break out 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 15% in a week, which is very unfortunate.

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

Thank You.

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