Steem showing Positive Divergences #crypto #cryptocurrency #blockchain

Ever since the announcement that @steemit was powering down and Bithumb was going to open up Steem accounts, the price of steem has been ripping higher. Now it is over 70+% from the bottom and currently trading higher than $0.40.

Looking at the charts, steem is one of the only cryptocurrencies that is currently trending higher over this duration. Many of the others were going sideways and are not selling off. Steem is not. This is called RELATIVE STRENGTH. This is what you want to be seeing, assets bucking the trend and moving positively. This may mean nothing because None can

About the author: HeyImSnuffles Snuffles

Just Climbing the Wall of Worry and Picking the Right Time to Get out of the Way. I am a Nuclear Engineer who quit and has studied global and crypto markets for almost a decade.