STEEM has been going mostly sideways for months, where do we go from here?

The trend in STEEM has been one of no direction, except sideways.

Even with all the drama it has seen over the previous months, the price never really moved out of the current trading range.

Any spikes were quickly sold right back down and any dips were bought right back up.

Watching the price action, it looks very much like someone or someone's is not letting the price dip.

It looks very much like an accumulation phase/pattern...

(Source: https://bittrex.com/Market/Index?MarketName=BTC-STEEM)

If it is indeed a massive accumulate pattern, the most likely resolution would be to the upside.

Not sure if that is for sure the case as many altcoins have broken out of their bear markets during this same time period, so it's also possible it's just been supported with the rest of the altcoin market.

What do you see?

Stay informed my friends.

-Doc