The STEEM charts suggests, that a final low might be needed to end this downtrend.
We are seeing fractals:
Both charts suggest a sudden rise in value in may at the latest.
But if this trendline is going to be breached significantly (immediate breakout), expect the low to be in and a new uptrend to start. My wave 3 target is still 14$ (162% extension).
Will this coincide with a new uptrend in BTC? I certainly hope so.
Are you tired yet of this downtrend? Just don't sell low.
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
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