STEEM/USD Overall Chart review on Poloniex weekly candlestick

POLONIEX:STEEMUSD   STEEM / US Dollar (calculated by TradingView)
STEEM started trading on Poloniex on 18th July 2016 with a low of $0.82 and a high of $4.80 and closing at a price of $3.74.

The market became bearish for 6 months from July to Jan 2017 and began to consolidate as low as $0.09 from Nov 2016 to March 2017 before a breakout on March 13th 2017 forming a partial CUP and HANDLE pattern to close at $2.40.

The bears took over the market and drove the price down to from $2.47 to $0.80.
On the 1st of 2018, the Bull were back more aggressively pushed the price up to $8.74 and closed at $6.40 with the bears pushing the price down by approximately $2.

Over the course of 4 weeks prior to the all time high of $8.74, the price entire cryprocurrency market has since been taken over by the bear due to the news of ban and regulation in S. Korea, Russia, India and other countries.

The market is in close observation with ears and eyes on the news to ascertain what to expect in coming weeks.

According to MACD , there is a bearish divergence which indicates the presence of the bears still trying to push the price down. As at time of writing, STEEM was trading at $3.70.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out