STEEM is showing bullish patterns again. For the first time in months, it appears to be in a stable uptrend. This bullish channel is proof of that.
If wave 5 extends, STEEM could run up to 4-5$ very very soon. What I have shown in this picture is a conservative approach to this pattern.
This chart could still morph into a very bullish iSHS pattern. Cryptos tend to go crazy, once a bullish pattern is triggered, so a quick surge to new all-time highs would not surprise me at all.
heajin calls it "hurry up and wait syndrom of cryptos"... which I think is a pretty accurate description of theese quick surges followed by seemingly endless corrections... I like this term so I will use it, too.
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, 
DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions.
If you make any trades or investments after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)