You are viewing a single comment's thread from:

RE: Steem Price Technical Analysis - Steem Continues to Fall, How Low will it Go?

in #steem8 years ago

Sidelines are looking good - but there may be a glimmer of light. There is divergence on MACD (and RSI). I am more keen using divergence on MACD as a reversal signal. Waiting for the reversal on the daily would be my plan.

Note: MACD is still very bearish - well below zero.

Sort:  

That's some serious divergence right there.

Thanks for posting that chart. I was going to mention divergence but I was in a hurry to leave my house. Thanks for pointing that out.