We are going to start with the 4 hour chart because that is the most interesting. The MACD crossed Bullish yesterday as Steem pushed higher and past the 20 unit moving average on good volume. The problem,, however, is the current 4 hour candle where a Long Tailed Doji is forming as Steem traded between $1.28 and $1.39 and is at $1.34 now. This is signals some exhaustion in Bull activity and an equilibrium between the Bulls and the Bears forming. We need to stay above the 20 unit moving average for the Bull move to continue.

The one day chart is showing a period of consolidation with the RSI and MACD at lows. This pattern has repeated over and over since mid May but to the down side.

4 hour

1 day

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(We are not professional traders this is just our opinion. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.)