Hello Steemians! So, we had a nice little bounce for a few days and now we are beginning to stall. Let's have a look.
BTC generated a reversal bar on March 21, 2018 around 9100 and today it is a red lower bar so far. If it closes red, then BTC rally is stalled. Basically, it seems like rallies are continue to be sold. As long as that happens, we firmly remain in downtrend.
Let's have a look a STEEM daily:
Similar looking chart, but here the overhead resistance is formidable at 2.2, it was support previously, now it is resistance. Still no volume to speak off. So, we will leak slowly as BTC leaks. That's that fact at this point. 1.4 is the initial level to look now.
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.
