Hello world, hola Steemians.
The last 7 days the price has been bouncing between 0.2909$ and 0.4490$ which represent a range of consolidation of 49.86 % of the Steem market price. And for the last 71 days the price has builded a flag pattern with at least 2 points of contacts (POC) testing the resistance of the black trendline "A", and testing 4 times (4 POC) the blue support line.
The bearish bias is still running and will be interesting verify a double floor pattern around 0.2860$ , that will favourise the projection of the price to re-test the "A" trendline again around 0.4218$
Check the price projection with the Daily chart below (4 days ago)
Patience is the mother of all skills - Steem is our choice , keep supporting!
"Sharing technical analysis principles and keep interacting with you about Steem and Bitcoin markets behavior are the purposes of this blog.
*This is not a financial advice, is just my personal opinion."