STEEMBTC 4HR ANALYSIS (POLONIEX)
A recovery attempt by steem is looking like it's on the table but it is a bit too early as there is not enough evidence in the chart to support this and the main picture is sort of neutral which means we can go either ways now. A break below the trend line around 0.00067663 shown in the chart would confirm further downside and if we are indeed able to break above the channel shown in the chart around 0.00079077 area there is a good chance for a decent recovery in the short term.
Key Levels:
Support: 0.00067663
Resistance: 0.00079077
SBDBTC 4HR ANALYSIS (POLONIEX)
Steem dollar continues to trend up slowly along the channel and is expected to continue up and any downside is expected to be held around the bottom trend line area 0.00142012.
Key Levels:
Support: 0.00142012
Resistance: 0.00157385
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I agree with you on Steem. Just wrote something today.
Thanks, I see you believe it may go up now.
Let's see what happens when (if) we reach the upper trend line:
yes, I am wondering if we would have impact by FOMC tonight since this is a completely different market, we certainly would have much action in other markets tonight but if BTCUSD gets highly impacted that should reflect in the price of steem.
If we get a 2% move in dollar, then maybe.