Steem expected price target in the immediate short term

Most times we often wonder where the market could be going if it's up or down, well we do our best to speculate and with the help of a skill, technical analysis we are often able to predict the market trajectory, it's not always accurate all the time though but help us know the likely expected path of price action.

Now I analyse the price of steem on where I expect it to go to and what it's been doing since.

From the image above since steem actually tapped into the fair value gap on the weekly timeframe around the $0.20 price level it has been going higher on the weekly and I expect it to continue to do so.

Yes it has cleared some buyside liquidity, but presently I expect steem to atleast take out the buyside liquidity on $0.3990 level before any retracement, we also have a the $0.4790 level and the $0.6665 level all have buyside liquidity resting on them an I expect those to be the likely target of steem, at the very least we are going to take out the $0.3990 level in the immediate short term, that's the next target I believe.

Personally why I believe we are going to take out the $0.3990 level is on the daily, we had a retracement on the price of steem on the daily and what happened, the price came down to a daily FVG and tapped and order block below on the daily, it wicked below and tapped the order block and ever since it reversed and it's moving up and it's drawing towards the next high to take it out, and that's the next high or buyside liquidity at $0.3990.

So from the daily that's our next target corresponding to the weekly as well which is our first target, infact from the weekly since steem price move up from $0.20 level it's being bullish, so on the weekly Steem is bullish and same on the daily, infact if we are able to take out the $0.3990 level at the daily timeframe then with a daily candle close above that level then I don't believe we are ever going to fall below the $0.24 again atleast until after the bull run and from the weekly I don't think we will fall below the $0.20 level again.

So fingers crossed let's watch to see if we take out the $0.3990 level atleast with a body close above on the daily timeframe.

Also while I believe especially we will close above that level is from the bitcoin chart above, from there too on the daily it seems bitcoin price is moving in tandem with the price of steem on the daily and for bitcoin chart I believe sweeping the $73,777 level is eminent, in no distance time we are going to sweep that level and it will correspond to steem sweeping the $0.3990 level atleast up to $0.40 level.

So this is my expected price target for steem and for btc in the immediate short term, likely before the bitcoin halving take place.

N/B: This is not to be taken as a financial advise, as everyone ought to do their own research before deciding what to invest their money on.