There's two things I've picked up on : Fundamentals and Technicals. Sometimes TA is more important, other times FA is more important.

Due primarily to the percentage of available liquid Steem tokens, and the transparency to know at least 7 days in advance what sort of volatility could be coming, it makes betting on it almost child's play. I'm a total noob since January... this one was an easy bet once I understood the fundamentals behind the platform and the tokens.

If you zoom out on the chart, the signs of a breakout in the near future is apparent. Given the fundamental assessment above, the likelihood of it breaking out UP seems far more likely than a sell-off.

Anything's possible, but betting on STEEM right now seems like a medium risk-high reward bet to me. Fortunately, my articles from being here early helped make the decision to invest in the platform simple.