After getting some great news for steem the other day, we got some not so great news shortly after.
After seeing this on the website of Huobi:
We all celebrated and watched the price of steem go up 30% in a matter of a couple hours.
Then shortly after, we were gifted with this little update:
Ugh. Talk about a kick in the shorts!
The price of steem followed suit as it retraced about 80% of those initial gains we saw on the steem listing announcement.
Just in the nick of time!
Then, just when things looked like they might be getting a bit bearish for the price of steem we got another update from Huobi, and this time in the form of this:
Yes!
Turns out the postponement was not for very long at all.
Best of all, the price of steem has responded favorably as well.
Check out the chart:
We are almost right back to where we were yesterday on the initial listing announcement.
Steem will officially begin trading over there tomorrow at 4 pm EST.
Will we some some follow through of the recent bullish price action or some profit taking?
We will know for sure in about 24 hours.
Stay informed my friends.
