(Charts by TradingView)
As of mid-November, Steem alligator could be seen sleeping at about $0.6. It then rose to about $0.7 in late November. Since then, it has continued to fall rapidly to less than $0.4 today.
Currently, the MACD (Moving Average Convergence Divergence) oscillator is moving towards a bearish position. This means that the price of this asset is about to go down.
Meanwhile, the Stochastic RSI (Relative Strength Index) oscillator seems to be moving from a neutral position to an oversold area. This indicates that the market price of this asset is lower than it should be.
On the other hand, in the chart below, we can see the price fluctuation of Bitcoin, which is usually followed by other altcoins. Currently, the price of Bitcoin is falling, and falling more and more today.
Currently, the alligator's mouth still appears to be opening slightly downward. Is it still going down, or will it sleep for a while?
Let's continue following the adventure of this Steem alligator.
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It's pretty normal for crypto to fall in winter. I would not worry but maybe I have some spare to buy more in march.