Steem is currently stuck in a trading range and so far it is looking like another reaccumulation phase as there is no presence of any strong down volume and the volatility remains rather tame. The wave volume indicator on the bottom is showing a decrease in cumulative selling and there is a lack of supply coming into the market. Buyers outnumber sellers. This is telling me that STEEM is being accumulated and we could eventually have another breakout to the upside once prices get out of the trading range (yellow box). The price target on an upside breakout for STEEMBTC would be 0.0013
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From @traderyen