Personally don't use the ribbon much, but this is interesting. Would love to hear some second opinions. Last few times the daily closed completely outside, hanging in air, we went up.
However due to the current state of fundamentals.. I cannot say this is to be trusted.
But for how long and which way?
Guess we will know when it it bounces or crosses the red line.. im thinking maybe another bounce. Waiting for confirmation to be safe. I think this is a very safe setup.
(Looks like the bottom line shifted before I publish couple seconds ago, dark green line goes under today's 7/4 daily candle. Rest is the same.)
Haven't followed $STEEM much, but these fractals are quite telling..
Pullback to line before next candle up?