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Looking at our trend timeframe we see STEEM has now reached our critical support level at 12000, stochastic rsi showing momentum is bottomed out and we should be expecting a reversal. Will be watching smaller timeframe for momentum and candle reversal.
Shifting over to our pattern timeframe we see price has found support inside our 13000 zone, stochastic rsi showing momentum in favor of bulls. A daily close above 13500 and expect a radial spike towards the 21000, however if rejected by our trendline expect our sell to continue towards 10000.
Conclusion
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
