Yesterday Steem closed at $6,57 and is currently trading at $6,43. What is important here is that we closed above the supporting trendline as you can see from this chart:
Comment: A good sign is that we have now had daily hammer looking candlesticks for 2 days in a row. That could indicatete that we have found short term support.
The next target for Steem is to close above yesterdays high, which is 7,35. Today is also the last day of the week so we want a weekly close above the mentioned trendline.
Happy trading!