Market Update on Steem/USD 5/1/2018

As noted late yesterday Steem price fell out of the channel as is currently below the channel at 50% of channel width. There is a technical relationship here to the move up from channel base so look for support here. The price can move to total channel width as a full move but that would be too easy. Watch this carefully.

Drilling down to a 3m chart this running consolidation is moving through it's progressions very quickly and it may be terminating right now but I am still seeing a good deal of red ticks preceding.