STEEM Price Movements - February 2019

in #steem5 years ago

We had a cross on the daily moving average yesterday.

This is a bearish signal that the price will continue downward in the short term.

It would appear that we've reached an end to the short term positive uptrend that we just experienced a few weeks ago.

Here is the chart I'm watching.

Screen Shot 2019-02-05 at 12.42.23 PM.png

As you can see we had a cross on the 13 day and 34 day moving averages.

Next I took a look at the weekly chart.

Things look about the same as a few weeks ago.

Screen Shot 2019-02-05 at 12.42.54 PM.png

We still have not seen a cross on the weekly charts so for the long term things are still looking bearish.

On the bright side, this may be a good time to acquire more STEEM at low prices.

This is not financial advise. Please do your own research.


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