We just saw a huge move few days ago with a huge volume like we've never seen before and we are in the stage were its exciting to be a part of this community.
Here is a chart of the actual price action of steem and my very positive outlook of whats going to happen in the near future.
Price action favors the steem bulls.
First target will be our previous high. We have two possible scenario for this. If it touches the previous high at .00032 btc and pull back, it will retest its support line at 0.00015 btc. On the otherhand, a move over the resistance at its previous high will be our signal for the next major move.
I'm taking long position from here with stop loss below our critical support line at 0.00015.
To show you the big picture of what is happening on steem, here is an image of the main stages of the market cycle.
Main Stages of a Market Cycle
Happy trading and stay safe!