If you love steem, it's hard to be happy about the price action over the past week. Or the past two months, for that matter.
Last time you'll recall I said that this past week was "Crunch Week". Price went on to fail after that, creating a more developed Fall Channel and an ominous Control Line(CL-B, shown in Purple) indicating an EXIT on March 30 at about the $1.13 level.
I fully expect Price will revisit sub-1.00 levels over the next month.
Not a warm and fuzzy expectation, but there it is.
I've been asked when is a good time to buy more steem? I have no real answer to that, as motivations and circumstances vary from person to person.
I've been asked when steem will rise again back to the levels we were seeing in January. Again, I have no real answer here. I fully expect steem price to rise and surpass the old highs. As to timing? Who knows?
Price must find a support that holds. There is a reasonable chance that at the BASE line Price will find a surer footing. If so, I expect Price will ride in a range between 1-2 dollars through May and into June.
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NO TECHNICAL INDICATORS. NO FUNDAMENTAL ANALYSIS.
IT'S YOUR MONEY. PROTECT IT.
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