STEEM still sitting at strong support near $0.2 area. Currently it is forming a double bottom which is yet to be confirmed. Price seem to bounce off the downtrend trendline, providing another support for the pair.
Although it is still a downtrend, if double bottom is formed and Moving Average is broken, this shoud result in a trend reversal. In this case first target is the nearest Fib level, located at $2 resistance.
Although it is still a downtrend, if double bottom is formed and Moving Average is broken, this shoud result in a trend reversal. In this case first target is the nearest Fib level, located at $2 resistance.