Steem Update - a sudden increase in price.

Steem has jumped from 2.3 to 2.55 today and still going on.
In the below graph, see that there is a breakout from the yellow triangle. I have drawn the Elliot impulse pattern that can be followed by the price.

Here is MACD predicting the same.

Disclaimer:
This is only my point of view. I am not recommending you to buy or sell any coin or cryptocurrency on my mark. The post is for informational purpose only.
If you have any thought to share, feel free to comment.