Breakout, pullback, moonshot?

Steem finally broke out of its consolidation period and it did so on high volume:

The higher volume is just what you would expect to see.

Since that time it has pulled all the way back to its previous consolidation zone and appears to be finding some support.

Now printing a possible reversal candle on the daily chart.

From this level if it can hold up, there is good chance it eventually makes its way to back to those recent highs.

If we get some kind of good news again I think that is certainly in the cards.

The entire altcoin markets seem to be pulling back last few days, so it may depend on what the rest of the market does more so than just what steem does.

Happy trading.