Taking into account all technical indicators and fundamental basis we conclude that the price should dip a bit more closer to the Fib 0.618 support level. Then there should be a trend reversal and a good short and mid term growth. Overall global correction of STEEM price is about to finish.
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The price went down to the Fib 0.618 level and bounced from it. After a consolidation we expect growth to the 1st target and then a decrease to the Fib 0.5 level which is near 0.000354