Above two are price charts for Steem. First chart is Steem/USDT and second chart is BTC/Steem. I have displayed 200dsma and 50dsma in both charts.
In both cases close price is trading sideways of 50dsma after crossing above in long time. And in March the close also has traded above 200dsma. On BTC/Steem chart 50dsma also remained above 200dsma for few days.
Although currently close is below 50dsma and 200dsma but that is more of a bull trap. These side moves are very common before the final bull phase starts.
This bull sentiment for steem is further enforced with overall bull signal sentiments reported in previous post We are now in Bull Market: Death cross will be overcome soon
All in all the worst is over and it is now safe to remain invested or even to buy.
Note - I do this analysis out of my interest. I take no responsibility for any losses.
Give me some price predictions
You think we will go to over $10 or $20 at any point?
For those levels you need to hold longer with patience. Steem will reach those levels
right
I hope you're right my friend!
Today is the best time to buy steem because it's cheap
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Thats cool, I might buy a few at Binance ;)
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I really hope for the best for steem. Let it rise and rise up up
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Cool that we might be in the next epic bull run. The reality of Steem at 7.77$ is coming!
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Not really. time and time again, after the golden cross, Huge downfall tends to happen first.
Could be but all parameters including bull driven by upcoming halving wont let that happen