so i've been looking at the steem price chart on polo again... am still hoping it will bounce back up... bear in mind that i'm no expert at this analysis lark, and you should probably ignore what i think, but it still looks good to me... the dump only just spiked under the 50% mark of the last big rise and only slightly below the 50 and 200 daily moving averages before jumping back up... the daily EMA lines are still horizontal so there's no downtrend showing... and they're still right next to each other so the golden cross could still be a possibility if the price can maintain this level and start heading up... last candle has a nice long tail which can hopefully stay there till the next one forms... and its still in the top half of the bollinger bands...
having said all that it'll probably crash now and make me look stupid once again..
maybe it will get through todays bloodbath in the alt markets in ok shape. i hope it does... it's a sea of red out there today...
i tried to get a photo of the market full of red numbers as i see people posting pictures of red things here tagged red monday and colorchallenge, but my camera sucks so bad i had to give up... oh well...
wish i had some spare coin on the exchange to pick up a bit more... wanna get me some power up...