We had a nothing burger day yesterday for Steem Dollar. The daily price remained unchanged. Here is the daily chart:
Comment: As you can see we are clearly under the 200 day moving average but the good news here is that we have been under 20 on the stochastics for a couple of days now so the chance of a bounce is pretty big here.
If we look at the next target to the upside we are talking about 4,50 which is just above the 200 day moving average (yellow line) and to the downside, we have 3,00 which is the lower bollinger band.
The volume has been very low for the last 3 days and Im expecting the volume to pick up today or tomorrow.
Happy Steeming!
I'm also expecting the volume to pick up too.
Happy steeming to you too
Great analysis. Keep posting more stuff like this.