STEEM/USDT Chart Analysis
1. Price Trend: Currently 0.17142 USDT, showing a slight upward trend with a 24h high of 0.17182 USDT.
2. Technical Indicators:
- EMA(7) > EMA(25) indicates a short-term upward trend, but EMA(99) is still above EMA(25).
- RSI(6) at 79.27 and RSI(12) at 74.85 indicate the market may be overbought.
- MACD is a buy signal but weakening; Stochastic RSI at 83.86, with potential for correction.
3. Trade Signals:
- Buy if the price exceeds 0.17182 USDT.
- Sell if the price drops below 0.16615 USDT.
4. TP and SL Levels:
- TP for buy: 0.17855 USDT; SL: 0.16615 USDT.
- TP for sell: 0.15545 USDT; SL: 0.17182 USDT.
Conclusion: Consider entering a buy order if it exceeds 0.17182 USDT and a sell order if below 0.16615 USDT.$STEEM
