We're in that region I discussed in my last two updates, and predicted we'd see when interviewed by the Crypto Nights guys here on Steemit.
I prefer to see $5.50 before a major top. I've put the red circle-2 on my chart which suggests only a minor top in Circle-1. I've alerted subscribers of many counts that have extended over daily topping targets and are suggesting a larger third wave. These include Verge, XZC, XRP, and LTC just to name a few. Steem is less strong, but it would be valid to consider this diagonal just wave 1 of a larger third.