Hello Steemians! We continue to see decent price action in the crypto universe. Let us take a look at the daily BTC chart:
Wow! What can I say! Prices are suddenly back above 50 EMA and almost touching the yellow neckline of the inverted head and shoulder from June-July. We are not above that yet; so we are still on a longer term downtrend. It order to qualify for an uptrend, in addition to that, prices must hold the first pull back. So we are not quite there yet, but surely the action looks good.
Steem:
I haven't written about Steem for a while, simply because there is nothing much to write. The chart is in long downtrend and price and volume action is weak. However, following BTC, we see a few green candles and prices are pushing towards 50 EMA. Lets see what happens when prices hit that level.
Disclaimer: This is NOT professional advice, this is all just my own opinion and experience. I am NOT a Certified Financial Adviser. Consult professionals for any financial, accounting or legal related questions you have.
Charts are created in Tradingview.com, which is a free service.
