STEEM is preparing a christmas gift for us right now. Today I present you the two most likely pathways in my opinion for STEEM. I had to re-label the old count, because there would have been a wavecross between 1 and 4 inside bigger wave 3, which is not valid. So here is the updated version:

6.5$ is my midterm target for STEEM.

The correction of orange wave 2 could already be complete, but for your and my awareness, I need to consider this last drop only a wave A for now. This wave A theory will be invalidated, if STEEM hits 4.2$ without a second drop.

I'll keep you updated... Stay tuned...

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DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions.
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