When I was interviewed by the Crypto Nights guys I stated that STEEM's price could visit $5.00 by January while it was mired under $1.00. Is 5X by January for real? Well, again, I am never tied to time, but I am tied to price structure and it does seem to be performing.
This spike today should be the third wave a diagonal. An Elliott Wave diagonal is defined as one where the fourth and first overlap, but we get early warning of this structure when we get three waves that then do no hold support for a fourth and fifth. (1) had three legs.
This diagonal may drag out for some time as shown, but the final setup happens when this diagonal which is a larger wave 1 (labeled circle-1) corrects into circle-2. This is the point where we 'load the boat' in trading using Elliott Wave.
See interview here: https://goo.gl/DQUC6c