Steem is looking very interesting at the moment. Today is a very good day, we are right now up more than 10%. Here is the hourly chart:
Comment: What we need to do next is to pass 0.00034 and have an hourly close above that price level.
Now, lets zoom out and look at the 4 hour chart:
Comment: Now, it looks like we are forming a cup formation on the 4 hour chart so we have to wait to see if we will also add a handle to that. Otherwise, we could just smash through the last top, that is my opinion. We can also see that we have a MACD crossover so things are looking very bullish for Steem.
Finally, since many altcoins has been lagging behind for about 3 months, I dont expect a smooth transition to the upside, I have a feeling that we will get some kind of explosion move. Obviously, I could be wrong about this, but that is how I read the charts.