Steem broke out of its downward move breaking the trend line and starting its push upward. It is still flirting with that resistance line and has yet to make a significant push in either direction off of it. I would look for continued consolidation on this line before a break to the upside and hopefully, fingers crossed, we see this next move take out the next resistance line at $4.83.
If this downward move was the completion of wave 2, then this next move should take us to $5.35 trading range at the minimum. As I see it across the board in most of the cryptos, we have seen a completion of wave 1 and 2. Now we are starting the next move upwards on wave 3.
Total Marketcap:
$449,312,999,950 (Feb 23rd)
$426,407,373,050 (Feb 22nd)
Todays Marketcap of Cryptocurrencies
#1) Bitcoin $173,819,398,558(Price $10,296.10)
#5) Litecoin $11,486,655,800 (Price $204.79)
#28) Steem $902,364,375(Price $3.61)
Yesterdays Marketcap of Cryptocurrencies
#1) Bitcoin $168,379,576,823 (Price $9974.99)
#5) Litecoin $10,715,213,529 (Price $196.90)
#28) Steem $847,893,630 (Price $3.39)