Here are four different ways to look at the Steem price at the moment.
FIRST VIEW: Bullish trend continuation?
Bullish breakout of the Falling Wedge Formation would signal further STEEM strength.
Daily Chart
SECOND VIEW: Consolidation pattern
Bullish breakout of the current range could allow to aim for 1060 region allowing a 1:1 risk reward, if stop is placed around range bottom.
2h Chart
THIRD VIEW: Another trend line bounce?
The support of the line is currently at around 806, the lower support at around 700.
Daily Chart
FOURTH VIEW: Renko Chart
Steem on STEEM/BTC? Renko view suggests further strength but also indicates a pullback then, once more, could be initiated.
What is your view on the price? Any bearish setups at hand?
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The provided information is for informational purposes only. Unless otherwise specifically stated, any opinions or views expressed are solely those of the author. The article should not be considered a financial advice. Before deciding to participate in markets, you should carefully consider your objectives, level of experience objectives and risk appetite. Do not invest money you cannot afford to lose. I disclaim any liability if the information, commentary, analysis, opinion result in any losses, prove to be inaccurate, incomplete or unreliable.