STEEM and OMG Could Soon Resume Their Upward Trend

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In Brief
  • The STEEM price has found support above 2080 satoshis and the 200-day MA.

  • The price is trading inside a descending wedge.

  • OMG has bounced at the 0.5 Fib level of its previous upward move.

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Steem (STEEM) and OmiseGO (OMG) are both correcting inside reversal patterns, a breakout from which would indicate that they're ready to resume their previous upward trend. Steem (STEEM) Since the beginning of March, the STEEM price has been trading above the 2080 satoshi support area, with the exception of a 10-day period in May. Inside its trading range, the main resistance area is
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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