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RE: ScaredyCatGuide Just Heard The Price of Steem Sing - And the Beat Goes On!

in #scaredycatguide7 years ago

I concur on the targets.

But with Bitcoin under some pressure, we might see another drop back down to the recent support line around 75K. Some resistance at 90K on the upside will slow things down a bit, but a nice surge could force some people to pull their sell orders or just chew right through them.

Whatever happens, that 100K resistance will be formidable. There's currently 650 BTC of sell orders just on Poloniex if STEEM wanted to break out. It fell 1 satoshi short of touching 100K on the last push. It'll be interesting to see what happens on the next attempt. It may take more than one more, but I sure hope it can push through!

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Agreed, I know the 20 and 50 day MA still have some catching up to do so I'd be happy with grinding sideways here for a week. We shall see! :-)

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