Hey there Steemians, Steem did very well today, not as well as Steem Dollar but we should celebrate anyways. Steem rose 10% today and here is the daily chart:
Comment: Now, we formed a very bullish candlestick on Wednesday and if that is any indication for tomorrow we should continue to go up. However, as long as Bitcoin is the main locomotive, we must follow it and see what it does tomorrow.
So, regarding the chart, we have still not closed above the important bollinger band median, we are right below it and it would not surprise me if we were to have a close above it in the next couple of days.
If we can do that, Im looking at 5,50 which is the next major resistance level.
Happy Steeming!