#Steem - Heading for <$0.08? The 600dMA would suggest that it is..!!
#Steem - Long Term Bearish
Yesterday, I posted my ongoing concerns about the lack of appetite to want to Market and Promote #Steem.
A concern that I have been expressing now for +18 months.
Yesterday, I also expressed my worry that #Steem was heading to retest <$0.08 again.
Below you will see why this chart is keeping me awake at night.!!
It's the 600dMA which is clearly showing signs of a downward trend.
Chart
Key
Current Price
Sad, very sad.!!
Like I said yesterday, it would be sad, very sad to see #Steem drop to around $20 million but sadly this may become a reality.
A shame ..... a real shame.!!
Thanks again for reading.
Stephen