Over the past 6 months or so we have seen steem trade within three different ranges. Recently price broke down into the bottom range after spending the first quarter of the year there.
Where are we and what now?
If you look at the chart in this post you see that price dropped below that 40 cent area support and then failed to breach it on two intraday attempts.
This unfortunately is confirmation of that breakdown and price has traded down accordingly the past few days.
Now we sit in the middle of this bottom range of 40 cents to 22 cents, firmly entrenched.
There
Price of Steem Firmly Entrenched in the Bottom Range
May 9, 2019
Published by timm
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