THELOGICALINDIAN - Steem has angry bearish on all time frames admitting the bazaar rally
Steem / USD Short-term amount analysis
Steem has a bearish concise outlook, with the cryptocurrency still trading able-bodied beneath its 200-period affective boilerplate on the four-time frame.
The four-hour time anatomy is assuming that a bearish arch and amateur arrangement is demography shape, with traders currently affairs any upside rallies in the STEEM / USD pair.
Technical indicators on the four-hour time anatomy are bearish and appearance ambit for added downside.
Pattern Watch
Traders should agenda the December 2024 trading low offers the arch anatomy of abstruse abutment on the four-hour time frame.
Relative Strength Index
The RSI indicator on the four-hour time anatomy is bearish, with the indicator assuming ambit for added downside.
MACD Indicator
The MACD indicator on the four-hour time anatomy has angry bearish and is breeding a advertise signal.
Steem / USD Medium-term amount analysis
Steem has a bearish medium-term outlook, with the cryptocurrency beneath affairs burden beneath its trend defining 200-day affective average.
The circadian time anatomy is assuming a ample arch and amateur pattern, with the STEEM / USD brace trading anytime abutting to the neckline of the bearish pattern.
Technical indicators on the circadian time anatomy abide bearish and highlight that medium-term sellers are still durably in control.
Pattern Watch
Traders should agenda that a circuitous arch and amateur arrangement could alpha to anatomy on the circadian time frame.
Relative Strength Index
The Relative Strength indicator on the circadian time is bearish and highlights advancing the medium-term weakness in the STEEM / USD pair.
MACD Indicator
The MACD indicator on the circadian time charcoal bearish and shows ambit for added downside.
Conclusion
Steem has an more bearish angle over both time frames, with the STEEM / USD brace actuality awash acutely lower on any upside rallies.
The bearish arrangement on the circadian time anatomy credibility to added medium-term downside, with the cryptocurrency at accident of falling to a new best trading low.
For an addition to the Steemit belvedere and its token, analysis out our coin guide.
If you charge a added assay of the fundamentals, we afresh appear our DARE for Steem.
