Hey Steemians, what a week we had last week. We set a lot of records during the week. The most important one was the ATH at 9,25 followed by the weekly close at 6,35. Here is the weekly chart:
Comment: In addition to the price ATH´s, we also had our best week ever in terms of volume. It was about 30% higher than the old volume record.
Overall, we should be very happy with the week. Steem rose 114% for the week and we took out the old ATH all the way back from 2016.
Now, some other stuff, we did not close near the high for the week, that would have been even better and it is likely that we will take a breather this week due to the massive gains we had last week. But it is entirely possible to go higher this week as well, we do have a lot of momentum in terms of the volume and we know that the number of Steemit accounts are rapidly increasing at the moment.
So, if we were to move higher this week, Im looking at a potential close above 9,25 which is the current ATH.
Now, if we look at Steem against Bitcoin the chart does look a little bit different and I want to point out 2 resistance levels:
Comment: We are right now at the first resistance level at 0,00042 BTC so that could cause some problems. Now, if we were to go higher than that, 0,00064 BTC is the next resistance levels.
There you have it, if you want to follow this on a daily basis, all you have to do is to come over here and check out the daily price updates.
Happy Steeming!