STEEM Technical Analysis - 27 July 2017

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On the 19th July a Support began to form and STEEM Market began to move in an Upward Trend/Momentum from 20th July.

As a result of that, it created a Strong Support line on $1.15 Which STEEM did pass a couple of times and tested, but was rejected.


☑ We now see STEEM move for the last 2 days in Consolidation figuring out and testing current Support and Resistance Lines.

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☑ We can see that the previous Down Trend got broken and is now moving above the trend line but still under the Resistance Line. This means we still are moving in Consolidation for now, but this could end very soon in a possible Uptrend.

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