Is STEEM approaching to its stable course for next days or preparing a skyrocket to the moon?
Right after the start STEEM was bleeding a lot from 0.007 to 0.0035 BTC.
It's absolutely common occurrence for every new coin on the market – time should pass before market will embrace novice. Chances are STEEM will be embraced not only because of pumping on exchange but because of massive PR company that is going right now in North America.
Daily volume is about $0.5 million and to grow up more when other exchanges will accept:
Market Cap is too big to fail:
Today in TOP-10 in rising
Let's look at charts:
This is throughout all weekend history
Two yellow lines (YL) are not parallel - this is not a flag, it is a descending wedge so the nearer at the top, the more chances that price will go out of YL.
I think STEEM is oversold and red support line will not allow value to drop under.
Orange resistance line will keep value below its own, but if break happen, value should go to green new resistance line.
Take a closer look:
Greenish zone is zone of stability where STEEM can lay for next days if nothing change.
Two blue zones are new possible zones for bad and good outcomes.
Thoughts in conclusion:
STEEM is based on an original model and so it's not such predictable like the other crypto-currencies and because of that is has great potential to grow. Decentralized cryptoworld is coming and we witness what it may look like.