Steem looking like it might be trying to go up here...

After getting pretty beat up over the last 2 weeks, STEEM is finally showing signs of life.

It hasn't mounted much of a rally in USD terms, but as bitcoin pulls back it has been gaining ground on it.

Check it out:

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

Is this the start of a reversal?

It very well might be, but we will have to wait and see.

The volume hasn't been huge and it looks more likely to be just moving around with the other altcoins as bitcoin does its thing.

Either way though, STEEM has reset all the technical indicators and is ready to pop when/if it gets a catalyst.

Stay informed my friends.

-Doc