The long term chart of STEEM is starting to look interesting...

in #steem2 years ago (edited)

The monthly chart on STEEM is starting to look pretty good

For the first time in the last couple years, STEEM appears to be setting up for a sustained move higher.

It's finally peaking its head over some moving averages and has lots of room to the upside...

This is on the monthly chart by the way...

Check it out:

image.png

(Source: https://www.mexc.com/exchange/STEEM_USDT?_from=search_spot_trade)

As I mentioned, this is a monthly chart so likely takes a while to play out, but the setup is there.

It looks like the stage is set for a move back to the $.40-$.50 range over the next 6 months or so...