It's been a while since I've done an analysis of any crypto, but whilst Verge is taking a backseat for now things are looking very promising on the daily short/mid term with Steem.
Since the big cryptmas pump (see what i did there?) Steem went on a huge decline which seemed like it would never end. That was until April when things really started to look up again and the term 'moon' was being thrown around like a tomato in Spain. Although long term this is almost certainly on the cards, the reality mid term, over the next 6 months, could be a combination of both.
My primary count is: We currently sit on wave B in the middle of a 3-3-5 flat correction.
Looking closer at the lesser degree we are potentially on the start of wave c of B, which means 5 waves going up before the next big drop of wave C.
I have additional confidence in this count when looking at historical data. May-June tend to have had big gains in previous years to be followed rapidly with a big drop in price before the run up to xmas. Of course, just because its happened before, doesn't mean it will happen again.
My target for Steem is roughly the same as the previous ATH, and it wouldn't surprise me if it exceeded it slightly before dropping.
Thank's for reading! Feel free to follow me and resteem.
Current Projects:
rePhoto - A photography based automated service
Shorebreaksessions - A water based wave photography series
Steemithousemix - The first steemit blockchain community house mix project
Shadowbot - A community reward pool effort with constant development and updates
Have a beautiful week, Legends!