Hello Steemers!
It seems we have entered another accumulation zone, weak price moves, volume kind off low but static in the last 2 days.
POLONIEX
4 hour Poloniex chart - Aug 15, 2016
4 hour Poloniex chart - Aug 16, 2016
Nothing big really happened, after the price was pushed down from the first resistance line to the fist support line (previous swing high/low lines),the price slowly went up to the resistance point again and was gently pushed back down.
BITTREX
4 hour Bittrex chart - Aug 15, 2016
4 hour Bittrex chart - Aug 16, 2016
The price traded between the same narrow lines as yesterday, nearly no change at all.
VOLUME COMPARISON
STEEM/BTC volume Bittrex Aug 15, 2016
STEEM/BTC volume Bittrex Aug 16, 2016
STEEM/BTC volume Poloniex Aug 15, 2016
STEEM/BTC volume Poloniex Aug 16, 2016
STEEM indexed global volume Aug 15, 2016
STEEM indexed global volume Aug 16, 2016
Coinmarketcap top volume cryptos Aug 15, 2016
Coinmarketcap top volume cryptos Aug 16, 2016
The volume is a little bit bigger then yesterday, but nothing significant.
It seems the volume is a swell flagging out.
Again low volume in comparison to the history but still in the top list of cryptos.
COMMENT
Once again, I will post the comment by commenting as it involves my personal opinion!
Thank you for understanding!
If anyone has any questions or need's help fell free to ask, I will try to explain as fast and as best as I can.
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DISCLAIMER
I am showing multiple scenarios on the price movement, in the post itself I do not take any stance, either bullish or bearish. I am not responsible for neither you’re winning nor you're losses upon trading! the "comment" section is my personal opinion and does not mean I have to or do hold any positions in the given market.
Kind Regards, OZ :)