We had the daily cross as mentioned before and then watched the price of STEEM rise for the last few weeks now with a few dips in between.
The moving averages are still holding up with no direct signs of reversal yet despite the fact that we are down almost 7% in the last 24 hours.
Interesting to note we've not crossed yet when we look at the weekly.
So, in the short term things are still looking good. In the long term we're still waiting for a cross.
We should monitor this closely going forward but for the time being things are still looking positive.
