The selling pressure on STEEM is so high that is being impossible to break the 50 Days Moving Average.
Today, we have had a very good upwards move in the price action of STEEM. STEEM has managed so to reach the 0.164 USD in a few hours but, immediately after, sellers have appeared again dragging the whole movement.
We really have a strong hurdle for STEEM to pass through the 0,16 USD level...
The good new for me is that there are no lower lows since 3 weeks already so for me the bottom on the STEEM price is IN.
The only I hope now is for STEEM to finish filling the selling orders accumulated around the 50 DMA and start building another trend from here.
Patience.
@toofasteddie