Steem dollars, a currency part of the Steemit platform has gone up over 500% past these recent days. We are currently seeing a drop from this increase and we could expect the price to hit the support levels, where it will consolidate and being to make another move upwards unless it is broken. If we break the first support we will head onto the secondary ones over long-term, conversely, the price may have another run up to break the resistance it has now formed at the high. If this is the case the price is likely to continue moving upward.
As always trade the lines accordingly.
- Orange - Resistance.
- Pink - Support.
As always trade the lines accordingly.