Steem had an awesome week and ended up 40% higher. Lets have a look at the weekly chart:
Comment: During the week we formed a nice bullish candlestick but we did not close at the very top and that is probably the only negative about last week. Other than that, the volume increased and we are now above the bollinger band median for the first time since February.
The weekly high was 4.76 and we closed the week at 4.28 so the next natural target is the weekly high of 4.76.
If we can take out the first target, 5.50 is next but lets take one step at a time since this will likely be a bumpy ride as usual.
For instance, today, Steem is down 8% and who knows where we will close the day. However, today is important as well since we will close the month of April and I will get back with an update on that as soon as the month is over.
Happy Steeming!