Hi guys, take a look at today's STEEM price chart:
You can see that STEEM tried to get above $6.25 level four times and failed. This was accompanied by pretty high volume. Now, from technical analysis we know two things:
- the more times the level is tested, the stronger this level gets
- the stronger the level, the higher the price move once this level is conquered
So, pay close attention to STEEM price - once is get's above $6.25 we can witness a nice price surge. Let's hope it happens!
On a side note - not much happening with SBD today:
Notice the declining volume, currently at only 1 mln USD. Usually it means that both the buyers and sellers can't agree on the price - the buyers don't want to buy so high, the sellers sell so low. Soon or later one of the sides will "break" and the SBD will settle at new price.