Hello Steemians! As I write this post on this Sunday afternoon, our favorite rally still looks intact. Let's have a look with BTC first.
Not much to add from yesterday, as we have a second small body candle again. But it is important to note that we are trading near the high and we didn't drop even with the low volume over the weekend. This is a good thing. We are overbought and we have lot of overhead resistance right in the 9000-9200 area, but with any good volume and momentum, we should be able to break through it. If not, then we will correct to 7800 level.
Steem:
We continue to hold above 10 EMA and trading slightly sideways. Again this is excellent sign that we are not dropping. We continue to be overbought, but just like I said yesterday; I do not think it is a big deal.
Disclaimer: This is NOT professional advice, this is all just my own opinion and experience. I am NOT a Certified Financial Adviser. Consult professionals for any financial, accounting or legal related questions you have.
Charts are created in Tradingview.com, which is a free service
