Steem Update

Steem: Month Chart

Technically and statistically speaking, Steem has to reach the 3713 satoshi level to meet up with the neckline of the "w" pattern. I do think that Steem will break that neckline of the 'w' pattern in order to go higher, which is at the 4030 satoshi range.

Steem: Week Chart

I mapped out Steem using 3 pitchforks. This is what that looks like.

Let's zoom in.

I'm happy to find things out like this. It's kinda fun to see if things match up in the end.

Steem: Day chart

Steem may go down today or tomorrow. But only about 6~8%. It needs to do that in order to go higher.

Steem: 12hr chart

A possible scenario is that Steem will or may continue to bounce around in the little wedge until it breaks out of it to go higher and make support. This bouncing around could take 6 or 7 days, which seems like forever, but it will end up being quicker.

Remember, if it suddenly pushes up, don't forget that Steem will come down to make support. Some people may buy into the FOMO if they feel like they missed out, but steem will come down again, and you can get a better price at the bottom.

Steem: 4hr Chart

current support: 2140 sats
current resistance: 2400 sats
next resistance: 2820 sats

If steem dumps,
support 1: 1907 sats
support 2: 1600 sats

Warning: This is IF Bitcoin doesn't take a big dump or the stock market doesn't crash or anything of that nature. Pay attention and watch the markets this Monday and Tuesday very closely.