And it hit the previous consolidation top resistance touch points at 1.76 zone. Plus rare window when steem/usd is in oversold zone. Don't jump in yet wait and see big bother bitcoin movement. It's been quite awhile since steem fall into the oversold zone. Now it's the 3rd times (red circle)
Short term moving average still downtrend.
SBD/STEEM : 1.034
Overall steemit posts payout reduction again due to falling steem price.