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Does Steem Go Lower Or Higher From Here? by pairmike

View this thread on: hive.blog |  peakd.com |  ecency.com
trading · @pairmike ·
$1.25
Does Steem Go Lower Or Higher From Here?
<center>![enter image description here](https://lh3.googleusercontent.com/JFvSQ2nxd3tnOWxsiwut3a2FvtavPu4Hv_WUHueuGLFq9PUjwrNS89qlcnQoLAOib7er9OaCzwrDBA=s0 "IMG_0345.PNG")</center>

The recent price rise of Steem was too high and too fast.  We have seen a big pull back in the last week.

Buy Back Steem at $3.60
------------------------------------
[In my last post](https://steemit.com/crytocurrency/@pairmike/why-is-steem-over-usd4-00), I spoke about Steem's rapid price increase to over $4.00.   Steem's price continued and it climbed to over $9.50.  

Now, Steem has pulled back significantly.  Actually, it is down 7 out of the last 9 days.  I'm using a Fibonacci Retracement to help me determine a re-entry point.   Also, the horizontal support at the $4.00 level may hold as well.

I'm placing a buy order in on Openledger.io to buy OPEN.STEEM for $3.60 USD.  I'm aware that it might not get that low, but I'll try and wait it out.

If you don't have an Openledger.io account, [click here to create one](https://openledger.io?r=pairmike).


<center>![enter image description here](https://lh3.googleusercontent.com/3JuZx3qz2DM2Sp-60IlAYKZMq6MO3PFB3V-y3NCgdl5VBiTV_9dLtk-kWYGeUyGMAr2vIo2dDg2pWw=s0 "Order to Buy Steem.png")</center>

What Do You Think?
-----------------------------
Does Steem go lower or higher from here?  Leave you predictions in the comments.

Thanks,

 [@pairmike](https://steemit.com/@pairmike)

Please Remember to UpVote - ReSteem - Comment

----------------
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👍  , , , , , , , , , , ,
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vote details (12)
@ancapwarren ·
$0.19
Looks like it bounced off of the 50 day moving average already. We'll have to see if it holds. Tomorrow could be a 9(buy) on the TD indicator, but I'm not sure. I'd have to pull up the chart to see.
👍  ,
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vote details (2)
@ancapwarren · 
Told ya that was the bounce. Back over $6 now! Just picking at you, there was no way to know for certain. Lol!
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@pairmike · 
Good call.  I had my re-entry point set too low.
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@pairmike · 
The price never got down to my level.
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@digitalfirehose · 
I'm on OpenLedger now and it's at $3.04. Seems like a good time to buy...
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@dijetechili · 
I am new in steemit, but I am optimistic that steem treasures will continue to rise, hopefully. thanks for the info @pairmike. and good look for you
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@pairmike · 
Hey, keep writing and adding valuable content.  You will be successful.
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@dtubix · 
Nice post! I will follow you from now on.   +upvote
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