Steem went down during the beginning of the day but managed to close in the green. During the day we formed a rather bullish looking doji hammer. Here is the daily chart:
Comment: The good news is that we are still above the 10 day moving average, not by much but as long as we close above that average, we are still in a bullish mode.
We are also above the short term descending trendline that you can see in the chart. Hopefully we can close above it today and go back to the latest peak of 4.76.
Happy Steeming!