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

in #steem8 years ago (edited)

Good call on that fibs cluster!

We might get a daily bullish engulfing candle, which I assume would at least lead to some sideways (ranging) price action for the next few days. It could also mean that a bottom is in (although it likely needs testing after such a long movement downward - double bottom)

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Right on @jamesbrown, thanks. So far so good, we could see a retest of the lows like you mentioned and if it holds we could see a reversal in the area. Thanks for pointing out the bullish engulfing candle on the daily, looks good.

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