STEEM Price Forecast for 01-08-22
Steem price today is $0.266427 USD with a 24-hour trading volume of $25,479,077 USD. STEEM to USD price in real-time. Steem is up 4.95% in the last 24 hours.
Trading Beasts predict that STEEM will have a maximum price of $0.408, with an average price of $0.326 by 2022. The coin's lowest price by 2022 is expected to be $0.278. By 2023, STEEM is predicted to have a maximum price of $0.367, with an average price of $0.294.
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More TA for #steem #price
If we see the monthly chart we can see an obvious downtrend with support in the 0.209X USD area.
If we analyze the weekly we can see a few things, there's an area of interest in the 0.28 - 0.37 USD area that makes a previous support and now we have as a resistance. (Elipse area).
For breaking downtrend structure we need to make support above the 0.308X USD
As we started week and month, I'd like to see a retest of the support on the 0.227X USD area where it made previous support and then continuation up towards the second half of the month, testing a wick as previous on the 0.376X USD area.
Be careful in the profit taking zone, on previous times we've had serious profit taking and has made a strong resistance.
Whale buy power can give us an impulsive continuation move but is fast so you have to be prepared with your sell orders if you want them to be filled.
It is important for you to know the monthly, weekly and daily levels for the better understanding of the behavior of price.
Also note that many people use #steem as part of their #income so there is always sellers pressure, and this doesn't happen with other #crypto #assets as #bitcoin or #ethereum so the price is always on the downward stress line.
ALL OF THIS IS MY PERSONAL OPINION AND NOT FINANCIAL ADVISE. DYOR!