STEEM Price Analysis: 27 September

[sneakyboi]

STEEM Price Analysis: 27 September

STEEM formed a bearish pattern on the charts and was poised to drop to a level of support.

STEEM was trading at $0.164, at press time. It had formed a descending triangle pattern in the first week of September and broke lower to test the support around the $0.15-region.

More recently, it formed a rising wedge on the charts, another bearish pattern. The price can be expected to reach the base of the pattern, which would again be the support level at $0.151.

Learn more about the analysis here.

[hair]

Is it because of investor confidence in this platform? I see the Steemit price move is not very significant