The recent price rise of Steem was too high and too fast. We have seen a big pull back in the last week.
Buy Back Steem at $3.60
In my last post, I spoke about Steem's rapid price increase to over $4.00. Steem's price continued and it climbed to over $9.50.
Now, Steem has pulled back significantly. Actually, it is down 7 out of the last 9 days. I'm using a Fibonacci Retracement to help me determine a re-entry point. Also, the horizontal support at the $4.00 level may hold as well.
I'm placing a buy order in on Openledger.io to buy OPEN.STEEM for $3.60 USD. I'm aware that it might not get that low, but I'll try and wait it out.
If you don't have an Openledger.io account, click here to create one.
What Do You Think?
Does Steem go lower or higher from here? Leave you predictions in the comments.
Thanks,
Please Remember to UpVote - ReSteem - Comment
Looks like it bounced off of the 50 day moving average already. We'll have to see if it holds. Tomorrow could be a 9(buy) on the TD indicator, but I'm not sure. I'd have to pull up the chart to see.
Told ya that was the bounce. Back over $6 now! Just picking at you, there was no way to know for certain. Lol!
Good call. I had my re-entry point set too low.
The price never got down to my level.
I am new in steemit, but I am optimistic that steem treasures will continue to rise, hopefully. thanks for the info @pairmike. and good look for you
Hey, keep writing and adding valuable content. You will be successful.
I'm on OpenLedger now and it's at $3.04. Seems like a good time to buy...
Nice post! I will follow you from now on. +upvote