Steem is no doubt in uptrend and has broken a important resistance level which is now support. The level which i am talking of is $2.84 which has given hurdles to Steem's rising prices. Currently, steem is trading at $3.88 with low of day is $3.19 and high of $4.28.
Before going any further lets take a look at chart first.....
If one can look at chart above, it will be observe that Steem has more room to go on upside. It has important resistance sitting at $5 mark. This level was hit way back and after touching this level Steem registered a all time low around $.30. In that respect it will be interesting to watch Steem behave at this level. If steem clears this level, further big rise will not be ruled off but if it again fail than that will be double top and entire rally will be questioned.
Other than above everything is going good as Steem is making higher low and higher top. We all as steemians are enjoying this ride but this may or may not sustain, in other words time will tell whats in store. with that said i rest my analysis here.
See you all with another update.
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