Where does STEEM go from here?

After pumping briefly, much of the gains have been given back...

Where does STEEM go from here?

Looking at the chart it looks like STEEM is either due to move back to the lower end of its trading range, or it looks like it may be trying to break out for a rather large move in the medium to longer term.

A move out of the sideways price action...

(Source: https://bittrex.com/Market/Index?MarketName=BTC-STEEM)

Admittedly, a lot of the direction likely depends on news events that are going on lately surrounding STEEM... which means the chart patterns may go out the window.

What do you see?

Stay informed my friends.


Comments 4

I believe the price will remain stable.

22.05.2020 23:21

I also believe the same.

23.05.2020 14:56

In one exchange it crashed to 241 satoshis, so it should drop a lot...

23.05.2020 02:39

Uncharted territory Doc. Nobody knows at this stage, and anything is possible. TA goes out the window for sure.

23.05.2020 17:01