Steem and etherium. which is the winner on this crypto currency.
technical analysis
steem/eth
if we take a look at the graph that im charting on tradingview, it's look like that the winner goes to etherium. from the last year. but now it turn into equilbrium state whereby steem and etherium at the both strong state.
the winner will make the direction.
if Steem win, the graph definitely will go up.
but if etherium win, the graph will go down.
if we look at the oscillator, it shown that steem already oversold on weekly timeframe .
therefore definitely growing in steemit community make the currency much more stronger.
but, right for the moment, we cannot missed that so many ico 0.00% are using etherium as their medium transfer and also as their platform.
let see which is the winner of this both.
This could be the bottom of steem.
https://www.tradingview.com/chart/STEEMETH/XkznR7TW-STEEM-FIND-ITS-RIVAL/
steem/btc
THis is where it will be re entry point for steem to go long. if the price close lower than 40k satoshi, it will go deeper.
base on the chart it will go to the 160k satoshi.
https://cointelegraph.com/news/steem-chasing-ether-in-market-cap
Well if u read this articles, it produce last year. but if u join this this steemit community it is worth to read it.