just took another look at the steem chart and it's making me a little nervous... big head and shoulders forming up that looks ready to dump the price back down below 0.0001 btc... not only that but the daily 50 and 200 EMA lines which made a golden cross recently look like they might just go straight into a death cross unless something dramatic happens very soon...
almost no volume since the last push up to 0.001, so at least there's not been much selling really, but not much buying either at these levels...
had hoped the price might bounce up from the 0.618 fib line but am starting to think it's all about to go pear shaped...maybe the 0.786 will be able to hold a rebound but not much other support there and the head n shoulders looks set to dive right through it...
doom...
i guess the only hope now is that people take their free bitcoin cash and use it to buy up a ton of steem...
(disclaimer: i know nothing... am just a muppet... don't take this as advice, it's just my lame attempt at chart analysis...hopefully i am wrong... again...)
